AverLogic Technologies, Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 06:47 am
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AverLogic Technologies, Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 253.36 million compared to TWD 1.5 million a year ago. Net income was TWD 83.07 million compared to net loss of TWD 2.49 million a year ago. Basic earnings per share from continuing operations was TWD 3.67 compared to basic loss per share from continuing operations of TWD 0.11 a year ago.
For the six months, sales was TWD 253.41 million compared to TWD 2.64 million a year ago. Net income was TWD 76.29 million compared to net loss of TWD 5.7 million a year ago. Basic earnings per share from continuing operations was TWD 3.37 compared to basic loss per share from continuing operations of TWD 0.25 a year ago.
Rich Circle Development Co Ltd, formerly known as Averlogic Technologies Corp is a Taiwan-based company principally engaged in the design, development and sales of integrated circuit (IC) products for multimedia applications. The Company's main products include video temporary storage memories, signal conversion chips, display control chips, surveillance system control chips, and 16 division image control chips. The Company mainly focuses on technology research and development in the field of video image processing IC and special application memory IC. The Company distributes its products in domestic market and to overseas markets.
RICH CIRCLE DEVELOPMENT CO., LTD. 
