Tongtai Machine & Tool Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022
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Tongtai Machine & Tool Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 1,663.57 million compared to TWD 1,835.72 million a year ago. Net income was TWD 3.18 million compared to net loss of TWD 76.42 million a year ago. Basic earnings per share from continuing operations was TWD 0.01 compared to basic loss per share from continuing operations of TWD 0.3 a year ago. Diluted earnings per share from continuing operations was TWD 0.01 compared to diluted loss per share from continuing operations of TWD 0.3 a year ago. Basic earnings per share was TWD 0.01 compared to basic loss per share of TWD 0.3 a year ago. Diluted earnings per share was TWD 0.01 compared to diluted loss per share of TWD 0.3 a year ago.
TONGTAI MACHINE & TOOL CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of machines. The Company provides comprehensive cutting machining centers for processing high precision metal components, computer numeric control (CNC) lathes for processing high precision metal components, as well as drilling machines and forming machines for drilling and forming printed circuit board (PCB). The Company also provides photoelectric products for the production of flat panel display (FPD) panels, as well as related machinery maintenance services. It distributes its products in Taiwan, the rest of Asia, Europe and other markets.