Topoint Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020
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Topoint Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 803.525 million compared to TWD 781.138 million a year ago. Net income was TWD 94.086 million compared to TWD 69.972 million a year ago. Basic earnings per share was TWD 0.66 compared to TWD 0.49 a year ago. Diluted earnings per share was TWD 0.65 compared to TWD 0.49 a year ago. For the nine months, sales was TWD 2,142.863 million compared to TWD 2,211.356 million a year ago. Net income was TWD 177.845 million compared to TWD 157.493 million a year ago. Basic earnings per share was TWD 1.25 compared to TWD 1.11 a year ago. Diluted earnings per share was TWD 1.23 compared to TWD 1.09 a year ago.
TOPOINT TECHNOLOGY CO., LTD. is principally engaged in the manufacture and distribution of precision processing tools for printed circuit boards (PCBs). The Companyâs main products consist of drill bits, including straight drill, under cut drill and inverse drill types; router bits, including diamond cut, chip break and two blade router types, as well as slot drills and milling cutters. Its products are applied primarily in computer, communication and consumer electronic (3C) industries for the processing and cutting of integrated circuit (IC) substrates, high density interconnect (HDI) PCBs and traditional PCBs, among others. The Company distributes its products primarily in Taiwan, Mainland China and other regions.