GEM Terminal Ind. Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012
April 26, 2012
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GEM Terminal Ind. Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company's gross operating revenue was TWD 912.2 million compared with TWD 980.6 million a year ago. Net operating revenue was TWD 912.0 million compared with TWD 980.1 million a year ago. Operating income was TWD 61.2 million compared with TWD 106.9 million a year ago. Income before income tax was TWD 54.1 million compared with TWD 100.2 million a year ago. Net income attributable to stockholders of the parent was TWD 32.4 million or TWD 0.19 per diluted share compared with TWD 66.2 million or TWD 0.38 per diluted share a year ago. Net cash provided by operating activities was TWD 144.9 million compared with net cash used in operating activities of TWD 85.7 million a year ago. Acquisition of property, plant and equipment was TWD 39.3 million compared with TWD 16.9 million a year ago.
Gem Terminal Ind. Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of connectors. The Company's products are mainly used in the manufacturing of electronic communication, automobile transportation and electric appliance plugs. The Company is also engaged in the provision of raw materials, ceramic ferrules, bushings and molds. The Company mainly distributes its products in Mainland China and Taiwan markets.