Taiwan Line Tek Electronic Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 03:23 pm IST
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Taiwan Line Tek Electronic Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 1,079.98 million compared to TWD 1,188.33 million a year ago. Net income was TWD 171.28 million compared to TWD 75.78 million a year ago. Basic earnings per share from continuing operations was TWD 1.18 compared to TWD 0.52 a year ago. Diluted earnings per share from continuing operations was TWD 1.09 compared to TWD 0.52 a year ago.
For the nine months, sales was TWD 2,873.7 million compared to TWD 3,639.45 million a year ago. Net income was TWD 254.8 million compared to TWD 99.56 million a year ago. Basic earnings per share from continuing operations was TWD 1.76 compared to TWD 0.68 a year ago. Diluted earnings per share from continuing operations was TWD 1.62 compared to TWD 0.68 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.