Formosa Advanced Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 04, 2022 at 04:34 pm
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Formosa Advanced Technologies Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 2,562.63 million compared to TWD 2,534.35 million a year ago. Net income was TWD 461.14 million compared to TWD 361.24 million a year ago. Basic earnings per share from continuing operations was TWD 1.04 compared to TWD 0.82 a year ago. Diluted earnings per share from continuing operations was TWD 1.04 compared to TWD 0.82 a year ago.
Formosa Advanced Technologies Co., Ltd. is a Taiwan-based company principally engaged in the provision of integrated circuit (IC) assembly and related testing services and module services. The Company provides services applied in thin small outline packages (TSOPs), small outline packages (SOPs), quad flat packages (QFPs), thin quad flat packages (TQFPs), ball grid array (BGA) packages, chip probing (CP) testing, solid state disk (SSD) testing, system-in-package (SIP) testing, embedded multimedia card (eMMC) testing, as well as cutting, grinding and testing of light emitting diodes (LED) wafers, among others. The Company operates its businesses principally in Taiwan, Hong Kong and South Korea.