Bestec Power Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:36 am IST
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Bestec Power Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 143.89 million compared to TWD 62.68 million a year ago. Revenue was TWD 143.86 million compared to TWD 62.68 million a year ago. Net income was TWD 54.67 million compared to TWD 18.13 million a year ago. Basic earnings per share from continuing operations was TWD 0.8129 compared to TWD 0.2827 a year ago. Diluted earnings per share from continuing operations was TWD 0.8129 compared to TWD 0.2827 a year ago. Basic earnings per share was TWD 0.9071 compared to TWD 0.3063 a year ago. Diluted earnings per share was TWD 0.9071 compared to TWD 0.3063 a year ago.
For the nine months, sales was TWD 484.28 million compared to TWD 184.83 million a year ago. Revenue was TWD 484.21 million compared to TWD 184.8 million a year ago. Net income was TWD 482.61 million compared to net loss of TWD 10.65 million a year ago. Basic earnings per share from continuing operations was TWD 8.4938 compared to TWD 0.0589 a year ago. Diluted earnings per share from continuing operations was TWD 8.376 compared to TWD 0.0471 a year ago. Basic earnings per share was TWD 8.0462 compared to basic loss per share of TWD 0.1767 a year ago. Diluted earnings per share was TWD 7.9402 compared to diluted loss per share of TWD 0.1767 a year ago.
BESTEC POWER ELECTRONICS CO., LTD is a Taiwan-based company principally engaged in the research, development, manufacture and sales of power converters and power supplies. The Company's main products include switching power supplies, switching direct current (DC) power supply equipment systems, DC power converters, related materials and others. The Company's products are mainly used in computers, consumer electronics, communications, industrial and test equipment, national defense and aerospace. The Company distributes its products in domestic market and to overseas markets.