SynPower Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 03:35 pm IST
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SynPower Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 379.97 million compared to TWD 437.65 million a year ago. Net income was TWD 19.06 million compared to TWD 37.27 million a year ago. Basic earnings per share from continuing operations was TWD 0.63 compared to TWD 1.24 a year ago. Diluted earnings per share from continuing operations was TWD 0.63 compared to TWD 1.23 a year ago.
For the nine months, sales was TWD 985.44 million compared to TWD 1,127.19 million a year ago. Net income was TWD 30.64 million compared to TWD 92.48 million a year ago. Basic earnings per share from continuing operations was TWD 1.02 compared to TWD 3.08 a year ago. Diluted earnings per share from continuing operations was TWD 1.02 compared to TWD 3.06 a year ago.
SynPower Co Ltd is a Taiwan-based company mainly engaged in the research, development, manufacture and sale of automated optical inspection and measurement equipment, wet process equipment and intelligent system integration solutions. The Company operates through three segments: smart manufacturing and other equipment and parts sales, printed circuit board surface treatment, and self-made advanced process equipment. The Company focuses on three major products: vision equipment and applications, wet process equipment and materials, and production equipment. Products can be used in printed circuit boards, optoelectronics, and semiconductors and other related fields, and provide raw materials, consumables and technology integration services. The main products include 3 dimensions optical measuring contour instrument, circuit board appearance inspection instrument, ultrasonic washing machine, vacuum heat pressing machine and others. The products are mainly sold to Asia and America.