Taiwan Line Tek Electronic Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022
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Taiwan Line Tek 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 1,188.33 million compared to TWD 1,196.21 million a year ago. Net income was TWD 75.78 million compared to net loss of TWD 0.726 million a year ago. Basic earnings per share from continuing operations was TWD 0.5243 compared to basic loss per share from continuing operations of TWD 0.0097 a year ago. Diluted earnings per share from continuing operations was TWD 0.5146 compared to diluted loss per share from continuing operations of TWD 0.0097 a year ago.
For the nine months, sales was TWD 3,639.45 million compared to TWD 3,550.52 million a year ago. Net income was TWD 99.56 million compared to TWD 118.16 million a year ago. Basic earnings per share from continuing operations was TWD 0.6796 compared to TWD 0.8058 a year ago. Diluted earnings per share from continuing operations was TWD 0.6796 compared to TWD 0.8058 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.