Grand-Tek Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 11, 2019 at 07:16 pm IST
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Grand-Tek Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 126.647 million compared to TWD 142.672 million a year ago. Operating income was TWD 22.513 million compared to TWD 21.167 million a year ago. Net income was TWD 20.249 million compared to TWD 24.537 million a year ago. Basic earnings per share was TWD 0.84 compared to TWD 1 a year ago. For the half year, sales was TWD 244.176 million compared to TWD 278.977 million a year ago. Operating income was TWD 43.850 million compared to TWD 37.731 million a year ago. Net income was TWD 36.781 million compared to TWD 32.202 million a year ago. Basic earnings per share was TWD 1.53 compared to TWD 1.32 a year ago. Diluted earnings per share was TWD 1.53 compared to TWD 1.31 a year ago.
Grand-Tek Technology Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of high frequency connection cable assemblies and integrated wireless communication sub-systems. The Company provides high frequency connection cable assemblies, which are applied in handheld devices, broadband network electronic products, automobile signal transmission controlling equipment and network communication devices, as well as integrated wireless communication sub-systems, which are applied in the manufacture of remote monitoring systems, smart instruments and outdoor industrial wireless control systems. The Company is also involved in the provision of design services, packaging materials and spare parts purchasing services. The Company distributes its products in Taiwan market and to overseas markets, including Europe, the rest of Asia and the Americas.
GRAND-TEK TECHNOLOGY CO., LTD. 
