Global Tek Fabrication Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 02:40 pm EDT
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GLOBAL TEK FABRICATION CO., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 674.426 million compared to TWD 967.466 million a year ago. Operating income was TWD 3.649 million compared to TWD 45.261 million a year ago. Net loss was TWD 8.372 million compared to net income of TWD 69.974 million a year ago. Basic loss per share was TWD 0.12 compared to basic earnings per share of TWD 1.05 a year ago. Diluted loss per share was TWD 0.12 compared to diluted earnings per share of TWD 1.04 a year ago. For the half year, sales was TWD 1,619.508 million compared to TWD 1,867.192 million a year ago. Operating income was TWD 55.942 million compared to TWD 91.298 million a year ago. Net income was TWD 47.851 million compared to TWD 120.630 million a year ago. Basic earnings per share was TWD 0.71 compared to TWD 1.82 a year ago. Diluted earnings per share was TWD 0.63 compared to TWD 1.8 a year ago.
Global Tek Fabrication Co Ltd is a Taiwan based company mainly engaged in the manufacture and sale of automotive precision machinery. The Company offers automotive components including automotive safety system components and automotive drive system components, industrial applications including industrial instrumentation, petrochemical industry spare parts, semiconductor equipment components, bicycle components and other precision metal components, as well as aerospace components, including aircraft and engine components and other products. The Company operates business in domestic market and overseas markets, including Asia, Europe, America and others.