Ching Chan Optical Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 01:42 am IST
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Ching Chan Optical 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 148.42 million compared to TWD 140.6 million a year ago. Net income was TWD 23.62 million compared to TWD 24.62 million a year ago. Basic earnings per share from continuing operations was TWD 0.66 compared to TWD 0.69 a year ago. Diluted earnings per share from continuing operations was TWD 0.66 compared to TWD 0.69 a year ago.
For the nine months, sales was TWD 415.38 million compared to TWD 398.77 million a year ago. Net income was TWD 34.23 million compared to TWD 58.68 million a year ago. Basic earnings per share from continuing operations was TWD 0.96 compared to TWD 1.64 a year ago. Diluted earnings per share from continuing operations was TWD 0.95 compared to TWD 1.63 a year ago.
CHING CHAN OPTICAL TECHNOLOGY CO., LTD. is a Taiwan-based company mainly engaged in research, design, manufacture and sales of optical sorting machine used for detection of fasteners, as well as manufacture and sales of fastener former machines. The Company's main products contain optical sorting machines and fastener former machines. Optical sorting machines contain rotary disk sorting machines, eddy current sorting machines, conveyor sorting machines, glass dial sorting machines and first article inspection machines. Fastener former machines contain screw formers, bolt parts formers and others. It also engaged in sales, maintenance and after-sales service of hopper, conveyor system, packaging machine and other peripheral equipment for sorting machines.
CHING CHAN OPTICAL TECHNOLOGY CO., LTD. 
