Walton Advanced Engineering, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 12:04 pm IST
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Walton Advanced Engineering, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,742.71 million compared to TWD 2,428.57 million a year ago. Net loss was TWD 41.6 million compared to TWD 12.35 million a year ago. Basic loss per share from continuing operations was TWD 0.08 compared to TWD 0.02 a year ago. Diluted loss per share from continuing operations was TWD 0.08 compared to TWD 0.02 a year ago.
For the six months, sales was TWD 3,571.67 million compared to TWD 4,722.31 million a year ago. Net loss was TWD 3.3 million compared to net income of TWD 45.09 million a year ago. Basic loss per share from continuing operations was TWD 0.01 compared to basic earnings per share from continuing operations of TWD 0.09 a year ago. Diluted loss per share from continuing operations was TWD 0.01 compared to diluted earnings per share from continuing operations of TWD 0.09 a year ago.
WALTON ADVANCED ENGINEERING, INC. is a Taiwan-based company principally engaged in the packaging and testing business. The Company mainly provides assembly and testing services. The Company provides thin small-outline package (TSOP) integrated circuits (ICs), ball grid array (BGA) ICs, multi-chip stacking package (MCP), chip scale package (CSP) and trench BGA, flash memory products, micro-secure digital (SD) cards, memory modules, universal serial bus (USB), three dimensional (3D) stack up products and package on package (POP) products, among others. The Company distributes its products within domestic market and to overseas markets.