Gem Services, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
July 14, 2019
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GEM Services, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 848.222 million compared to TWD 881.222 million a year ago. Operating income was TWD 196.682 million compared to TWD 179.541 million a year ago. Net income was TWD 182.386 million compared to TWD 218.035 million a year ago. Basic earnings per share was TWD 1.41 compared to TWD 1.69 a year ago. Diluted earnings per share was TWD 1.41 compared to TWD 1.68 a year ago. For the half year, sales was TWD 1,643.421 million compared to TWD 1,643.122 million a year ago. Operating income was TWD 355.723 million compared to TWD 344.795 million a year ago. Net income was TWD 312.148 million compared to TWD 322.836 million a year ago. Basic earnings per share was TWD 2.42 compared to TWD 2.5 a year ago. Diluted earnings per share was TWD 2.4 compared to TWD 2.49 a year ago.
GEM Services, Inc. is a Cayman Islands-based multinational semiconductor assembly and test contractor. The Company specializes in small-outline surface-mount packages for power management semiconductors. Its customers are semiconductor manufacturers who require both industry standard and advanced packaging solutions as part of their portfolio of value-added products for portable, battery-powered communications, computing systems, industry, and automobile applications. It operates two factories in Greater China: Shanghai, China; Hefei, China, which produces industry standard and advanced discrete, integrated circuits (IC) and multi-chip module (MCM) packages, including concepts co-developed with customers. The Companyâs products and services include packaging development, wafer processing, assembly services, electrical test, logistic services and reliability testing. Its electrical test includes discrete device electrical testing and analog and power IC electrical testing.