Sumeeko Industries Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 13, 2019 at 09:28 pm
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Sumeeko Industries Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 647.926 million compared to TWD 341.533 million a year ago. Operating income was TWD 27.307 million compared to TWD 45.737 million a year ago. Net income was TWD 83.626 million compared to TWD 89.228 million a year ago. Basic earnings per share was TWD 2.31 compared to TWD 2.45 a year ago. Diluted earnings per share was TWD 2.3 compared to TWD 2.45 a year ago. For the half year, sales was TWD 1,301.847 million compared to TWD 655.138 million a year ago. Operating income was TWD 77.740 million compared to TWD 80.797 million a year ago. Net income was TWD 130.944 million compared to TWD 98.902 million a year ago. Basic earnings per share was TWD 3.61 compared to TWD 2.71 a year ago. Diluted earnings per share was TWD 3.6 compared to TWD 2.7 a year ago.
Sumeeko Industries Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive fasteners and components. The Company's main products categorized into automotive parts and mechanical parts, including automotive standard fasteners, as well as threaded fasteners used in electronics, construction, furniture and other industries. The Company distributes its products mainly in overseas markets, such as the Americas and Europe.