Taitien Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Taitien Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 634.62 million compared to TWD 449.52 million a year ago. Revenue was TWD 634.62 million compared to TWD 449.52 million a year ago. Net income was TWD 72.89 million compared to net loss of TWD 8.63 million a year ago. Basic earnings per share from continuing operations was TWD 1.07 compared to basic loss per share from continuing operations of TWD 0.12 a year ago. Diluted earnings per share from continuing operations was TWD 1.06 compared to diluted loss per share from continuing operations of TWD 0.12 a year ago.
For the nine months, sales was TWD 1,617.83 million compared to TWD 1,182.76 million a year ago. Revenue was TWD 1,617.83 million compared to TWD 1,182.76 million a year ago. Net income was TWD 142.14 million compared to net loss of TWD 7.7 million a year ago. Basic earnings per share from continuing operations was TWD 2.08 compared to basic loss per share from continuing operations of TWD 0.11 a year ago. Diluted earnings per share from continuing operations was TWD 2.06 compared to diluted loss per share from continuing operations of TWD 0.11 a year ago.
TAITIEN ELECTRONICS CO., LTD. is principally engaged in the manufacture and distribution of quartz oscillators and crystal units. The Company's products include crystal units, service mounted device (SMD) crystals, oscillators, SMD oscillators, temperature compensated crystal oscillators (TCXOs), voltage control crystal oscillators (VCXOs), oven controlled crystal oscillators (OCXOs), quartz wafers and blanks, tuning fork crystals, sensor crystals, global positioning system (GPS) clocks, stress compensated (SC)-cut crystal oscillators and testing and production equipment. The Company distributes its products within domestic market and to overseas markets.