Gem Terminal Industry Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 12:36 am IST
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GEM Terminal Industry Co.,Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,006.559 million compared to TWD 849.990 million a year ago. Net income was TWD 11.343 million compared to net loss of TWD 19.381 million a year ago. Basic earnings per share was TWD 0.07 compared to basic loss per share of TWD 0.11 a year ago. For the nine months, sales was TWD 2,355.772 million compared to TWD 2,541.753 million a year ago. Net loss was TWD 57.783 million compared to TWD 54.650 million a year ago. Basic loss per share was TWD 0.34 compared to TWD 0.32 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.