Kao Fong Machinery Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
May 14, 2022 at 04:29 am IST
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Kao Fong Machinery Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 527.3 million compared to TWD 303.91 million a year ago. Revenue was TWD 525.98 million compared to TWD 303.15 million a year ago. Net income was TWD 12.53 million compared to net loss of TWD 37.39 million a year ago. Basic earnings per share from continuing operations was TWD 0.12 compared to basic loss per share from continuing operations of TWD 0.35 a year ago. Diluted earnings per share from continuing operations was TWD 0.12 compared to diluted loss per share from continuing operations of TWD 0.35 a year ago. Basic earnings per share was TWD 0.12 compared to basic loss per share of TWD 0.35 a year ago. Diluted earnings per share was TWD 0.12 compared to diluted loss per share of TWD 0.35 a year ago.
KAO FONG MACHINERY CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of machine tools and machinery equipment. The Company's products mainly consist of vertical machining centers, horizontal machining centers, as well as gantry-type processing centers. The Company's products are applied in the processing of precision metal components, automotive components, electronic components, molds, semiconductor products and others. The Company distributes its products in Taiwan, the Americas and the rest of Asia.