Tbi Motion Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020
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TBI MOTION Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 716.136 million compared to TWD 481.609 million a year ago. Operating income was TWD 65.469 million compared to operating loss of TWD 11.323 million a year ago. Net income was TWD 41.836 million compared to net loss of TWD 27.177 million a year ago. Basic earnings per share was TWD 0.44 compared to basic loss per share of TWD 0.28 a year ago. For the nine months, sales was TWD 1,958.740 million compared to TWD 1,572.056 million a year ago. Operating income was TWD 106.606 million compared to operating loss of TWD 13.851 million a year ago. Net income was TWD 50.729 million compared to net loss of TWD 24.581 million a year ago. Basic earnings per share was TWD 0.53 compared to basic loss per share of TWD 0.25 a year ago.
TBI MOTION TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of ball screws, linear slides and ball splines. The Company's main products include ball screws, linear slides, ball splines, linear bearings, couplings and screw support seats. The Company distributes its products in domestic market and to overseas markets, such as the rest areas of Aisa, Europe and the Americas.