Kao Fong Machinery Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Kao Fong Machinery Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 566.32 million compared to TWD 402.16 million a year ago. Revenue was TWD 566.31 million compared to TWD 401.51 million a year ago. Net income was TWD 24.24 million compared to TWD 26.31 million a year ago. Basic earnings per share from continuing operations was TWD 0.22 compared to TWD 0.24 a year ago. Basic earnings per share was TWD 0.22 compared to TWD 0.24 a year ago.
For the nine months, sales was TWD 1,451.87 million compared to TWD 1,220.61 million a year ago. Revenue was TWD 1,450.86 million compared to TWD 1,219.93 million a year ago. Net loss was TWD 29.19 million compared to net income of TWD 5.76 million a year ago. Basic loss per share from continuing operations was TWD 0.27 compared to basic earnings per share from continuing operations of TWD 0.05 a year ago. Basic loss per share was TWD 0.27 compared to basic earnings per share of TWD 0.05 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.
KAO FONG MACHINERY CO., LTD 