Grand-Tek Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 02:48 am IST
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Grand-Tek Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 128.766 million compared to TWD 126.647 million a year ago. Operating income was TWD 23.510 million compared to TWD 22.513 million a year ago. Net income was TWD 14.502 million compared to TWD 20.249 million a year ago. Basic earnings per share was TWD 0.6 compared to TWD 0.84 a year ago. For the half year, sales was TWD 247.193 million compared to TWD 244.176 million a year ago. Operating income was TWD 38.201 million compared to TWD 43.850 million a year ago. Net income was TWD 27.954 million compared to TWD 36.781 million a year ago. Basic earnings per share was TWD 1.16 compared to TWD 1.53 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. 
