Ginar Technology Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023
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Ginar 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 399.01 million compared to TWD 395.86 million a year ago. Net income was TWD 19.52 million compared to TWD 21.48 million a year ago. Basic earnings per share from continuing operations was TWD 0.35 compared to TWD 0.39 a year ago. Diluted earnings per share from continuing operations was TWD 0.35 compared to TWD 0.39 a year ago.
For the nine months, sales was TWD 1,158.73 million compared to TWD 1,291.9 million a year ago. Net income was TWD 66.36 million compared to TWD 78.22 million a year ago. Basic earnings per share from continuing operations was TWD 1.2 compared to TWD 1.42 a year ago. Diluted earnings per share from continuing operations was TWD 1.2 compared to TWD 1.41 a year ago.
GINAR TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the research and development, manufacturing, processing and distribution of composite materials. The Companyâs primary products include nylon (NY), polypropylene (PP), acrylonitrile butadiene styrene (ABS), polybutylene terephthalate (PBT) composite materials and polycarbonate (PC) composite products, among others. The Company is also engaged in the trading of raw materials. The Company mainly distributes its products in domestic market and to overseas markets, including the Peopleâs Republic of China (the PRC), Africa, the rest of Asia and others.