Thinking Electronic Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 05:24 am IST
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Thinking Electronic Industrial Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,816.45 million compared to TWD 1,899.77 million a year ago. Net income was TWD 311.54 million compared to TWD 407.45 million a year ago. Basic earnings per share from continuing operations was TWD 2.43 compared to TWD 3.18 a year ago. Diluted earnings per share from continuing operations was TWD 2.43 compared to TWD 3.17 a year ago.
For the six months, sales was TWD 3,535.55 million compared to TWD 3,699.73 million a year ago. Net income was TWD 611.27 million compared to TWD 804.43 million a year ago. Basic earnings per share from continuing operations was TWD 4.77 compared to TWD 6.28 a year ago. Diluted earnings per share from continuing operations was TWD 4.76 compared to TWD 6.25 a year ago.
THINKING ELECTRONIC INDUSTRIAL CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing and distribution of thermistors and pressure sensitive resistors. The Company provides thermistors, which are applied in the manufacture of power supplies, power motors, transformers, instruments, television sets, radios, transistors, automobiles, refrigerators, mobile phones and chargers, among others, as well as pressure sensitive resistors, which are applied in the manufacture of protection integrated circuits (ICs), diodes, transistors, consumer electronic products, communication products, measuring and controlling electronics, wireless telephones, notebook computers and receivers, among others. The Company distributes its products within domestic market and to overseas markets.