Taiwan Line Tek Electronic Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022
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Taiwan Line Tek Electronic Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 1,292.68 million compared to TWD 1,277.28 million a year ago. Net loss was TWD 19.13 million compared to net income of TWD 161.63 million a year ago. Basic loss per share from continuing operations was TWD 0.13 compared to basic earnings per share from continuing operations of TWD 1.14 a year ago. Diluted loss per share from continuing operations was TWD 0.13 compared to diluted earnings per share from continuing operations of TWD 1.14 a year ago.
For the six months, sales was TWD 2,451.12 million compared to TWD 2,354.31 million a year ago. Net income was TWD 23.78 million compared to TWD 118.89 million a year ago. Basic earnings per share from continuing operations was TWD 0.17 compared to TWD 0.84 a year ago. Diluted earnings per share from continuing operations was TWD 0.17 compared to TWD 0.84 a year ago.
TAIWAN LINE TEK ELECTRONIC CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing and distribution of power cords and connecting cables. The Company provides power cords for computers and electrical appliances, as well as connecting cables for information peripheral products and telecommunication equipment. Its products are applied in household electrical appliances, computers, communication devices, consumer electronic products, information peripheral products and others. The Company distributes its products principally in Asia, the Americas and Europe.