Higher Way Electronic Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 03:50 am IST
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Higher Way Electronic Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 237.878 million compared to TWD 261.426 million a year ago. Operating loss was TWD 8.231 million compared to operating Income of TWD 3.678 million a year ago. Net loss was TWD 16.825 million compared to net income of TWD 2.062 million a year ago. Basic loss per share was TWD 0.5 compared to basic earnings per share of TWD 0.06 a year ago. For the half year, sales was TWD 401.214 million compared to TWD 450.104 million a year ago. Operating loss was TWD 10.340 million compared to operating Income of TWD 737,000 a year ago. Net loss was TWD 18.327 million compared to TWD 1.537 million a year ago. Basic loss per share was TWD 0.55 compared to TWD 0.05 a year ago.
HIGHER WAY ELECTRONIC CO., LTD. is a Taiwan-based company principally engaged in the design, manufacture and distribution of integrated circuits (ICs). The Company's primary products include multimedia controllers ICs, speech and music ICs, memory devices ICs, liquid crystal display (LCD) controllers ICs, single-chip microcontrollers ICs and optoelectronic devices. The Company's products are mainly used in electronic keyboards, Web cameras, moving picture experts group layer-3 audio (MP3) players, television (TV) games, electronic learning aids (ELAs), electronic books, personal stereos, handheld game machines and electronic dictionaries. The Company mainly distributes its products within the domestic market and to overseas markets.
HIGHER WAY ELECTRONIC CO., LTD. 
