Topower Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Topower 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 739.39 million compared to TWD 804.11 million a year ago. Revenue was TWD 736.39 million compared to TWD 800.76 million a year ago. Net income was TWD 124.7 million compared to TWD 115.1 million a year ago. Basic earnings per share from continuing operations was TWD 1.94 compared to TWD 1.79 a year ago. Diluted earnings per share from continuing operations was TWD 1.93 compared to TWD 1.79 a year ago.
For the six months, sales was TWD 1,423.7 million compared to TWD 1,460.47 million a year ago. Revenue was TWD 1,414.58 million compared to TWD 1,454.12 million a year ago. Net income was TWD 225.26 million compared to TWD 204.68 million a year ago. Basic earnings per share from continuing operations was TWD 3.5 compared to TWD 3.18 a year ago. Diluted earnings per share from continuing operations was TWD 3.49 compared to TWD 3.17 a year ago.
Topower Co Ltd, formerly Topower Computer Ind. Co., Ltd., is a Taiwan-based company engaged in the research, development, design, manufacture and distribution of switching power supplies (SPSs). The Company provides power supplies, including power supplies for desktop computers and industrial power supplies; consumer electronics, including cooling fans, storage memories, speakers, earphones and others; automobile lamps, including headlights, tail lamps, corner lamps, fog lamps, reversing lights, brake lights and others, and light emitting diode (LED) illumination products, including LED light sets used for automobiles, as well as lamp lighting power supplies. It distributes its products primarily in Taiwan, the rest of Asia, Europe, the United States and Canada markets.