Fuzetec Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 05, 2019 at 06:42 pm IST
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Fuzetec Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 96.717 million compared to TWD 109.491 million a year ago. Operating income was TWD 17.974 million compared to TWD 25.858 million a year ago. Net income was TWD 13.803 million compared to TWD 19.702 million a year ago. Basic earnings per share was TWD 0.49 compared to TWD 0.71 a year ago. For the nine months, sales was TWD 291.321 million compared to TWD 325.270 million a year ago. Operating income was TWD 51.206 million compared to TWD 69.060 million a year ago. Net income was TWD 46.262 million compared to TWD 59.901 million a year ago. Basic earnings per share was TWD 1.64 compared to TWD 2.15 a year ago. Diluted earnings per share was TWD 1.63 compared to TWD 2.14 a year ago.
Fuzetec Technology Co., Ltd. is engaged in the manufacture of electronic components. The Company is mainly involved in the research, development, manufacture and distribution of polymeric positive temperature coefficient resettable fuses (PPTC), which are used in vehicles, communication networks, industrial control automation and green energy field, among others. The Company mainly distributes its products within domestic and overseas markets.