Cincon Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022
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Cincon Electronics Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 479.69 million compared to TWD 262.85 million a year ago. Net income was TWD 51.61 million compared to TWD 19.15 million a year ago. Basic earnings per share from continuing operations was TWD 1.07 compared to TWD 0.4 a year ago. Diluted earnings per share from continuing operations was TWD 1.07 compared to TWD 0.4 a year ago.
For the six months, sales was TWD 807.01 million compared to TWD 524.64 million a year ago. Net income was TWD 92.88 million compared to TWD 37.02 million a year ago. Basic earnings per share from continuing operations was TWD 1.93 compared to TWD 0.77 a year ago. Diluted earnings per share from continuing operations was TWD 1.93 compared to TWD 0.77 a year ago.
Cincon Electronics Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of power supplies. The Company's products include battery chargers, mobile phone battery converters, switched power supplies, linear power supplies, direct current (DC) converters and alternating current (AC) converters, among others. The Company's products are applied in information and communication products, consumer electronics, medical apparatus, and industrial electronic equipment, as well as military and aircraft industries. The Company distributes its products within Taiwan and China Mainland markets.