Elite Material Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 11:14 am
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Elite Material Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 9,180.45 million compared to TWD 9,983.28 million a year ago. Net income was TWD 1,000.3 million compared to TWD 1,082.74 million a year ago. Basic earnings per share from continuing operations was TWD 3 compared to TWD 3.25 a year ago. Diluted earnings per share from continuing operations was TWD 2.86 compared to TWD 3.22 a year ago.
For the six months, sales was TWD 16,539.57 million compared to TWD 19,901.74 million a year ago. Net income was TWD 1,480 million compared to TWD 2,406.66 million a year ago. Basic earnings per share from continuing operations was TWD 4.45 compared to TWD 7.23 a year ago. Diluted earnings per share from continuing operations was TWD 4.25 compared to TWD 7.18 a year ago.
Elite Material Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and distribution of base materials for printed circuit board (PCB) industry. The Companyâs products portfolio consists of copper clad laminates (CCL), bonding sheets, multi-layer laminated boards, prepregs (PP), halogen-free laminates, metal based laminates, as well as lead free materials and others. The Companyâs products are applied in the manufacture of double-sided and multi-layer PCBs. The Company distributes its products primarily in Taiwan and the rest areas of Asia.