Tongtai Machine & Tool Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022
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Tongtai Machine & Tool Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 2,203.69 million compared to TWD 2,506.01 million a year ago. Net income was TWD 99.73 million compared to TWD 117.63 million a year ago. Basic earnings per share from continuing operations was TWD 0.39 compared to TWD 0.46 a year ago. Diluted earnings per share from continuing operations was TWD 0.39 compared to TWD 0.46 a year ago. Basic earnings per share was TWD 0.39 compared to TWD 0.46 a year ago. Diluted earnings per share was TWD 0.39 compared to TWD 0.46 a year ago.
For the nine months, sales was TWD 6,136.54 million compared to TWD 7,239.04 million a year ago. Net income was TWD 109.62 million compared to TWD 147.03 million a year ago. Basic earnings per share from continuing operations was TWD 0.43 compared to TWD 0.58 a year ago. Diluted earnings per share from continuing operations was TWD 0.43 compared to TWD 0.58 a year ago. Basic earnings per share was TWD 0.43 compared to TWD 0.58 a year ago. Diluted earnings per share was TWD 0.43 compared to TWD 0.58 a year ago.
TONGTAI MACHINE & TOOL CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of machines. The Company provides comprehensive cutting machining centers for processing high precision metal components, computer numeric control (CNC) lathes for processing high precision metal components, as well as drilling machines and forming machines for drilling and forming printed circuit board (PCB). The Company also provides photoelectric products for the production of flat panel display (FPD) panels, as well as related machinery maintenance services. It distributes its products in Taiwan, the rest of Asia, Europe and other markets.