Ace Pillar Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 03:33 pm EDT
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Ace Pillar Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 897.76 million compared to TWD 920.37 million a year ago. Net income was TWD 2.66 million compared to TWD 31.96 million a year ago. Basic earnings per share from continuing operations was TWD 0.03 compared to TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 0.03 compared to TWD 0.28 a year ago.
For the nine months, sales was TWD 2,899.05 million compared to TWD 2,795.41 million a year ago. Net income was TWD 86.18 million compared to TWD 122.4 million a year ago. Basic earnings per share from continuing operations was TWD 0.77 compared to TWD 1.09 a year ago. Diluted earnings per share from continuing operations was TWD 0.77 compared to TWD 1.09 a year ago.
ACE PILLAR CO., LTD is a Taiwan-based company principally engaged in the distribution of automatic mechatronics components. The Company operates in three business segments, including Taiwan segment, China Mainland segment and the Others segment. The Company provides frequency converters, including frequency converters and related components; automation drive and control systems, including general server motors and drivers, direct drive server motors and drivers, linear server motors and drivers; automation transmission series, including shaft joints, electromagnetic clutch brakes, limitators, decelerators, distribution plates, reducers, and speed-variators; controllers and monitoring systems, including programmable logic controllers (PLCs), computer numerical controllers (CNCs), human-machine interfaces (HMIs), as well as air compressors. The Company distributes its products within domestic market and to overseas markets.