Fortune Electric Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 14, 2021 at 02:37 am IST
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Fortune Electric Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 2,379.236 million compared to TWD 1,807.975 million a year ago. Operating income was TWD 89.910 million compared to TWD 141.155 million a year ago. Net income was TWD 64.368 million compared to TWD 126.000 million a year ago. Basic earnings per share was TWD 0.25 compared to TWD 0.48 a year ago. For the half year, total revenue was TWD 3,975.228 million compared to TWD 3,484.687 million a year ago. Operating income was TWD 108.124 million compared to TWD 146.301 million a year ago. Net income was TWD 73.512 million compared to TWD 130.016 million a year ago. Basic earnings per share was TWD 0.28 compared to TWD 0.5 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.