Promise Technology, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 07:04 pm EDT
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Promise Technology, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 206.613 million compared to TWD 300.659 million a year ago. Operating loss was TWD 52.414 million compared to TWD 55.974 million a year ago. Net income was TWD 49.806 million compared to net loss of TWD 60.369 million a year ago. Basic earnings per share was TWD 0.31 compared to basic loss per share of TWD 0.37 a year ago. For the half year, sales was TWD 496.659 million compared to TWD 593.833 million a year ago. Operating loss was TWD 93.285 million compared to TWD 138.709 million a year ago. Net income was TWD 2.155 million compared to net loss of TWD 145.682 million a year ago. Basic earnings per share was TWD 0.01 compared to basic loss per share of TWD 0.9 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.
PROMISE TECHNOLOGY, INC. 
