Gallant Micro. Machining Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 10, 2020 at 12:08 pm EDT
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Gallant Micro. Machining Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 173.847 million compared to TWD 143.297 million a year ago. Operating loss was TWD 6.157 million compared to operating Income of TWD 9.153 million a year ago. Net loss was TWD 2.167 million compared to net income of TWD 8.667 million a year ago. Basic loss per share was TWD 0.08 compared to basic earnings per share of TWD 0.31 a year ago. Diluted loss per share was TWD 0.08 compared to diluted earnings per share of TWD 0.3 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.