Grand-Tek Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 07, 2019 at 07:33 pm
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Grand-Tek Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 95.140 million compared to TWD 92.951 million a year ago. Operating income was TWD 12.624 million compared to TWD 8.476 million a year ago. Net income was TWD 61.542 million compared to TWD 8.602 million a year ago. Basic earnings per share was TWD 2.56 compared to TWD 0.35 a year ago. Diluted earnings per share was TWD 2.55 compared to TWD 0.35 a year ago. For the nine months, sales was TWD 339.316 million compared to TWD 371.928 million a year ago. Operating income was TWD 56.474 million compared to TWD 46.207 million a year ago. Net income was TWD 98.323 million compared to TWD 40.804 million a year ago. Basic earnings per share was TWD 4.09 compared to TWD 1.67 a year ago. Diluted earnings per share was TWD 4.08 compared to TWD 1.66 a year ago.
Grand-Tek Technology Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of high frequency connection cable assemblies and integrated wireless communication sub-systems. The Company provides high frequency connection cable assemblies, which are applied in handheld devices, broadband network electronic products, automobile signal transmission controlling equipment and network communication devices, as well as integrated wireless communication sub-systems, which are applied in the manufacture of remote monitoring systems, smart instruments and outdoor industrial wireless control systems. The Company is also involved in the provision of design services, packaging materials and spare parts purchasing services. The Company distributes its products in Taiwan market and to overseas markets, including Europe, the rest of Asia and the Americas.
GRAND-TEK TECHNOLOGY CO., LTD. 
