Topoint Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022
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Topoint Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 887.48 million compared to TWD 1,059.31 million a year ago. Revenue was TWD 872.8 million compared to TWD 1,052.46 million a year ago. Net income was TWD 43.3 million compared to TWD 131.66 million a year ago. Basic earnings per share from continuing operations was TWD 0.3 compared to TWD 0.93 a year ago. Diluted earnings per share from continuing operations was TWD 0.3 compared to TWD 0.92 a year ago. Basic earnings per share was TWD 0.3 compared to TWD 0.93 a year ago. Diluted earnings per share was TWD 0.3 compared to TWD 0.92 a year ago.
For the nine months, sales was TWD 2,725.83 million compared to TWD 2,784.68 million a year ago. Revenue was TWD 2,682.99 million compared to TWD 2,765.81 million a year ago. Net income was TWD 268.89 million compared to TWD 342.55 million a year ago. Basic earnings per share from continuing operations was TWD 1.89 compared to TWD 2.41 a year ago. Diluted earnings per share from continuing operations was TWD 1.85 compared to TWD 2.37 a year ago. Basic earnings per share was TWD 1.89 compared to TWD 2.41 a year ago. Diluted earnings per share was TWD 1.85 compared to TWD 2.37 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.