Sumeeko Industries Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 06:30 pm EST
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Sumeeko Industries Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 588.972 million compared to TWD 636.474 million a year ago. Operating income was TWD 17.802 million compared to TWD 17.465 million a year ago. Net income was TWD 19.838 million compared to TWD 27.616 million a year ago. Basic earnings per share was TWD 0.55 compared to TWD 0.76 a year ago. For the nine months, sales was TWD 1,890.819 million compared to TWD 1,291.612 million a year ago. Operating income was TWD 95.542 million compared to TWD 98.262 million a year ago. Net income was TWD 150.783 million compared to TWD 126.518 million a year ago. Basic earnings per share was TWD 4.16 compared to TWD 3.48 a year ago. Diluted earnings per share was TWD 4.15 compared to TWD 3.47 a year ago.
Sumeeko Industries Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive fasteners and components. The Company's main products categorized into automotive parts and mechanical parts, including automotive standard fasteners, as well as threaded fasteners used in electronics, construction, furniture and other industries. The Company distributes its products mainly in overseas markets, such as the Americas and Europe.