Gallant Micro. Machining Co., Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 09:39 am EDT
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Gallant Micro. Machining Co. Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 214.288 million compared to TWD 244.479 million a year ago. Operating income was TWD 33.671 million compared to TWD 33.520 million a year ago. Net income was TWD 31.658 million compared to TWD 38.564 million a year ago. Basic earnings per share was TWD 1.12 compared to TWD 1.5 a year ago. Diluted earnings per share was TWD 1.11 compared to TWD 1.49 a year ago. For the half year, sales was TWD 357.585 million compared to TWD 427.865 million a year ago. Operating income was TWD 42.824 million compared to TWD 48.305 million a year ago. Net income was TWD 40.325 million compared to TWD 34.587 million a year ago. Basic earnings per share was TWD 1.43 compared to TWD 1.34 a year ago. Diluted earnings per share was TWD 1.4 compared to TWD 1.33 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.