Fortune Electric Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 02:52 am IST
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Fortune Electric Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 2,381.169 million compared to TWD 1,403.477 million a year ago. Operating income was TWD 206.682 million compared to TWD 103.145 million a year ago. Net income was TWD 174.060 million compared to TWD 134.958 million a year ago. Basic earnings per share was TWD 0.67 compared to TWD 0.52 a year ago. For the nine months, total revenue was TWD 5,865.856 million compared to TWD 4,118.456 million a year ago. Operating income was TWD 352.983 million compared to TWD 96.336 million a year ago. Net income was TWD 304.076 million compared to TWD 215.835 million a year ago. Basic earnings per share was TWD 1.16 compared to TWD 0.83 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.