Trinity Precision Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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Trinity Precision Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 166.74 million compared to TWD 208.7 million a year ago. Net loss was TWD 11.75 million compared to TWD 19.18 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to TWD 0.22 a year ago. Diluted loss per share from continuing operations was TWD 0.14 compared to TWD 0.22 a year ago.
For the nine months, sales was TWD 510.25 million compared to TWD 681.48 million a year ago. Net loss was TWD 109.08 million compared to TWD 73.5 million a year ago. Basic loss per share from continuing operations was TWD 1.26 compared to TWD 0.85 a year ago. Diluted loss per share from continuing operations was TWD 1.26 compared to TWD 0.85 a year ago.
Trinity Precision Technology Co Ltd is a Taiwan-based company mainly engaged in the manufacture, processing, trading, import and export of powder metallurgy hardware products. The Company's main products are transmission gear components and hardware parts for various rechargeable and plug-in power tools, automotive components, sports equipment assembly hardware parts, high-precision face gears, bevel gears, cylindrical gears, and various transmission gears. boxes and industrial sewing machine spare parts. The Company's products are mainly sold to mainland China, the United States, Germany and other regions.