Gallant Micro. Machining Co., LTD. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 04:35 pm EDT
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Gallant Micro. Machining 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 339.11 million compared to TWD 380.64 million a year ago. Net income was TWD 52.05 million compared to TWD 43.19 million a year ago. Basic earnings per share from continuing operations was TWD 1.88 compared to TWD 1.6 a year ago. Diluted earnings per share from continuing operations was TWD 1.86 compared to TWD 1.58 a year ago.
For the nine months, sales was TWD 1,161.15 million compared to TWD 1,091.46 million a year ago. Net income was TWD 223.35 million compared to TWD 128.27 million a year ago. Basic earnings per share from continuing operations was TWD 8.18 compared to TWD 4.75 a year ago. Diluted earnings per share from continuing operations was TWD 8.05 compared to TWD 4.7 a year ago.
Gallant Micro Machining Co Ltd is a Taiwan-based company mainly engaged in the manufacture of semiconductor process equipment and related precision molds. The main products include precision processing equipment such as punching and forming machines, automatic sealing machines and others, precision pick-and-place equipment such as integrated circuit (IC) die pickers, IC die bonding machines and others, optoelectronic laser equipment such as laser marking machines and automatic optical inspection equipment, and other equipment such as wafer or die transfer precision pick-and-place application equipment, semi-automatic permanent magnet motor packaging equipment, and others. The Company also provides parts and technical services, as well as the manufacture and maintenance of electronic testing instruments (except weights and measures) and equipment. The Company distributes products in Taiwan, Asia (China Mainland), and other markets.