Promise Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Promise Technology, 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 130.57 million compared to TWD 264.62 million a year ago. Revenue was TWD 132.55 million compared to TWD 264.72 million a year ago. Net loss was TWD 32.56 million compared to net income of TWD 13.18 million a year ago. Basic loss per share from continuing operations was TWD 0.35 compared to basic earnings per share from continuing operations of TWD 0.15 a year ago. Diluted loss per share from continuing operations was TWD 0.35 compared to diluted earnings per share from continuing operations of TWD 0.15 a year ago.
For the six months, sales was TWD 282.48 million compared to TWD 534.63 million a year ago. Revenue was TWD 284.6 million compared to TWD 534.76 million a year ago. Net loss was TWD 50.31 million compared to net income of TWD 22.25 million a year ago. Basic loss per share from continuing operations was TWD 0.54 compared to basic earnings per share from continuing operations of TWD 0.25 a year ago. Diluted loss per share from continuing operations was TWD 0.54 compared to diluted earnings per share from continuing operations of TWD 0.25 a year ago.
Promise Technology, Inc. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of storage system equipment. The Company's main products include computer storage devices, high-performance control cards and systems, computer high-performance networks and graphic systems, multimedia software and hardware suites and systems, as well as computer and phone integration technology related products. The Company also provides management, consulting and technology transfer services. The Company distributes its products in domestic market to overseas markets, including the Americas, the rest areas of Asia, Europe and others.