Orange Electronic Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 05:58 pm IST
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Orange Electronic Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 98.530 million compared to TWD 92.063 million a year ago. Operating income was TWD 6.852 million compared to TWD 8.018 million a year ago. Net income was TWD 11.327 million compared to TWD 5.036 million a year ago. Basic earnings per share was TWD 0.53 compared to TWD 0.23 a year ago. For the nine months, sales was TWD 253.736 million compared to TWD 252.626 million a year ago. Operating income was TWD 2.557 million compared to TWD 6.779 million a year ago. Net income was TWD 2.911 million compared to TWD 5.371 million a year ago. Basic earnings per share was TWD 0.14 compared to TWD 0.25 a year ago.
Orange Electronic Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive wireless tire pressure detectors. The Company's main products include wireless tire pressure monitoring systems (TPMSs), tire pressure detectors and tire pressure detection kits. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest areas of Asia and Europe.