Sumeeko Industries Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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Sumeeko Industries Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 678.03 million compared to TWD 745.89 million a year ago. Net income was TWD 88.39 million compared to TWD 86.96 million a year ago. Basic earnings per share from continuing operations was TWD 2.14 compared to TWD 2.43 a year ago. Diluted earnings per share from continuing operations was TWD 2.1 compared to TWD 2.06 a year ago.
For the nine months, sales was TWD 2,108.45 million compared to TWD 2,125.92 million a year ago. Net income was TWD 253.27 million compared to TWD 220.24 million a year ago. Basic earnings per share from continuing operations was TWD 6.24 compared to TWD 6.16 a year ago. Diluted earnings per share from continuing operations was TWD 6 compared to TWD 5.25 a year ago.
Sumeeko Industries Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive fasteners and components. The Company's main products categorized into automotive parts and mechanical parts, including automotive standard fasteners, as well as threaded fasteners used in electronics, construction, furniture and other industries. The Company distributes its products mainly in overseas markets, such as the Americas and Europe.