Fortune Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 12:54 am IST
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Fortune Electric Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was TWD 1,595.992 million compared to TWD 1,676.712 million a year ago. Operating income was TWD 18.214 million compared to TWD 5.146 million a year ago. Net income was TWD 9.144 million compared to TWD 4.016 million a year ago. Diluted earnings per share was TWD 0.03 compared to TWD 0.02 a year ago. Basic earnings per share from continuing operations was TWD 0.04 compared to TWD 0.02 a year ago.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.