Promise Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 06:56 pm EST
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Promise Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 148.49 million compared to TWD 202.56 million a year ago. Revenue was TWD 148.84 million compared to TWD 206.32 million a year ago. Net loss was TWD 8.91 million compared to net income of TWD 0.58 million a year ago. Basic loss per share from continuing operations was TWD 0.1 compared to basic earnings per share from continuing operations of TWD 0.01 a year ago. Diluted loss per share from continuing operations was TWD 0.1 compared to diluted earnings per share from continuing operations of TWD 0.01 a year ago.
For the nine months, sales was TWD 430.98 million compared to TWD 737.19 million a year ago. Revenue was TWD 433.44 million compared to TWD 741.08 million a year ago. Net loss was TWD 59.22 million compared to net income of TWD 22.83 million a year ago. Basic loss per share from continuing operations was TWD 0.64 compared to basic earnings per share from continuing operations of TWD 0.25 a year ago. Diluted loss per share from continuing operations was TWD 0.64 compared to diluted earnings per share from continuing operations of TWD 0.25 a year ago.
Promise Technology Inc is a Taiwan-based company mainly engaged in provision of solutions for the storage industry. The main products are cloud and information technology (IT) data center solutions, digital multimedia editing, digital security surveillance computer phone integration technology related products, storage solutions for original brand manufacturer (OBM), original design manufacturer (ODM), solution industry. The Company sells its products both domestically and overseas.