Gemtek Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:33 am IST
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Gemtek Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 7,703.72 million compared to TWD 5,538.03 million a year ago. Net income was TWD 223.29 million compared to TWD 99.83 million a year ago. Basic earnings per share from continuing operations was TWD 0.57 compared to TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 0.54 compared to TWD 0.25 a year ago.
For the nine months, sales was TWD 19,369.25 million compared to TWD 17,302.32 million a year ago. Net income was TWD 343.37 million compared to TWD 409.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.88 compared to TWD 1.14 a year ago. Diluted earnings per share from continuing operations was TWD 0.83 compared to TWD 1.02 a year ago.
GEMTEK TECHNOLOGY Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and distribution of wireless communications products. The Companyâs primary products include wireless gateways and wireless local area network (WLAN) cards. The Companyâs products are mainly used in the manufacturing of office computers and computer wireless transmission equipment, as well as wireless and wired network transmission equipment. The Company is also involved in the trading of computer radios, wires, packaging materials, reader-writers and other raw materials. The Company mainly distributes its products to overseas markets.