GMI Technology Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:56 pm EST
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GMI Technology Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 4,867.58 million compared to TWD 4,968.64 million a year ago. Revenue was TWD 4,867.58 million compared to TWD 4,968.64 million a year ago. Net income was TWD 98.49 million compared to TWD 162.74 million a year ago. Basic earnings per share from continuing operations was TWD 0.65 compared to TWD 1.18 a year ago. Diluted earnings per share from continuing operations was TWD 0.65 compared to TWD 1.18 a year ago.
For the nine months, sales was TWD 14,813.87 million compared to TWD 13,810.72 million a year ago. Revenue was TWD 14,813.87 million compared to TWD 13,810.72 million a year ago. Net income was TWD 322.79 million compared to TWD 345.29 million a year ago. Basic earnings per share from continuing operations was TWD 2.27 compared to TWD 2.51 a year ago. Diluted earnings per share from continuing operations was TWD 2.27 compared to TWD 2.51 a year ago.
G.M.I. Technology Inc. is principally engaged in the manufacture and distribution of applications and components for storage devices and digital communications. The Company operates through two business segments, including segment 1, which is engaged in the sales of various electronic equipments and parts, as well as segment 2, which is involved in the trading and agent sales of TOSHIBA products. The Companyâs products consist of digital communication applications and components, including wireless network cards, asymmetric digital subscriber line (ADSL) broadband network products, voice over Internet protocol (VoIP) phones, wireless network integrated circuits (ICs), LCD driver ICs, controller ICs and USB interface application ICs; storage devices and components, including LCD televisions, set top boxes, portable multimedia players (PMPs), as well as analog electronic components, including ADSL broadband network products, small office home office (SOHO) gateways, among others.