Kinik Company Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 05:42 pm
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Kinik Company announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 1,487.769 million compared to TWD 1,307.850 million a year ago. Operating income was TWD 223.558 million compared to TWD 188.593 million a year ago. Net income was TWD 138.282 million compared to TWD 134.534 million a year ago. Basic earnings per share from continuing operations was TWD 0.98 compared to TWD 0.96 a year ago. Diluted earnings per share from continuing operations was TWD 0.97 compared to TWD 0.94 a year ago. For the half year, total revenue was TWD 2,952.506 million compared to TWD 2,537.184 million a year ago. Operating income was TWD 408.093 million compared to TWD 351.476 million a year ago. Net income was TWD 287.110 million compared to TWD 264.653 million a year ago. Basic earnings per share from continuing operations was TWD 2.03 compared to TWD 1.88 a year ago. Diluted earnings per share from continuing operations was TWD 2.01 compared to TWD 1.86 a year ago.
KINIK COMPANY is a Taiwan-based company mainly engaged in the manufacture and sales of traditional grinding wheels, diamond tools and reclaimed wafers. The Companyâs products consist of traditional products, including traditional grinding wheels, resin grinding wheels and diamond cutting blades, which are applied in machinery parts, steels, molds, semiconductor packaging, quartz products and glass products; diamond products, including diamond disks, which are applied in wafers, dynamic random access memories (DRAMs) and hard discs; wafer products, which are applied in integrated circuit (IC) production, as well as mold lens products, which are applied in mobile phones, digital cameras, optical communication receivers, mini projectors, monitors and medical equipment. The Company distributes its products mainly in Taiwan and the rest of Asia.