Gcs Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 03:17 pm EDT
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GCS Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 412.013 million compared to TWD 465.346 million a year ago. Operating income was TWD 85.836 million compared to TWD 109.607 million a year ago. Net income was TWD 5.950 million compared to TWD 88.189 million a year ago. Basic earnings per share was TWD 0.07 compared to TWD 1 a year ago. Diluted earnings per share was TWD 0.07 compared to TWD 0.99 a year ago. For the half year, sales was TWD 779.365 million compared to TWD 843.255 million a year ago. Operating income was TWD 136.040 million compared to TWD 123.187 million a year ago. Net income was TWD 8.427 million compared to TWD 102.931 million a year ago. Basic earnings per share was TWD 0.09 compared to TWD 1.18 a year ago. Diluted earnings per share was TWD 0.09 compared to TWD 1.17 a year ago.
GCS Holdings, Inc. is a Cayman Islands-based holding company of Global Communication Semiconductors, LLC (GCS LLC). The Company through its subsidiaries, develops, manufactures, markets, sells integrated circuits chips. It provides foundry services to integrated device manufacturers and fabless design houses, targeting wireless, power electronics, optoelectronics, and telecommunication markets. The GCS LLC provides pure-play foundry services for III-V compound semiconductor radio frequency integrated circuits, power electronics and optoelectronics (the foundry service business), as well as manufactures and markets compound semiconductor optical wafers and chips under its own brand (the component business). The GCS LLC's customers are primarily United State-based integrated device manufacturers (IDMs) and fabless design houses. The optoelectronic products from GCS LLC's component business are sold to distributors and electronic device manufacturers based in China and Taiwan.
GCS HOLDINGS, INC. 
