Orange Electronic Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022
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Orange Electronic Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 81.84 million compared to TWD 143.94 million a year ago. Net income was TWD 1.89 million compared to TWD 20.17 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to TWD 0.87 a year ago. Diluted earnings per share from continuing operations was TWD 0.08 compared to TWD 0.86 a year ago.
For the nine months, sales was TWD 295.18 million compared to TWD 334.76 million a year ago. Net income was TWD 36.84 million compared to TWD 28.52 million a year ago. Basic earnings per share from continuing operations was TWD 1.58 compared to TWD 1.22 a year ago. Diluted earnings per share from continuing operations was TWD 1.58 compared to TWD 1.22 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.