V-TAC Technology Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 03:30 pm IST
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V-TAC Technology 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 307.38 million compared to TWD 400.23 million a year ago. Net income was TWD 9.43 million compared to TWD 20.51 million a year ago. Basic earnings per share from continuing operations was TWD 0.26 compared to TWD 0.58 a year ago. Diluted earnings per share from continuing operations was TWD 0.26 compared to TWD 0.57 a year ago.
For the nine months, sales was TWD 813.56 million compared to TWD 1,238.56 million a year ago. Net loss was TWD 7.12 million compared to net income of TWD 85.62 million a year ago. Basic loss per share from continuing operations was TWD 0.2 compared to basic earnings per share from continuing operations of TWD 2.4 a year ago. Diluted loss per share from continuing operations was TWD 0.2 compared to diluted earnings per share from continuing operations of TWD 2.37 a year ago.
V-TAC TECHNOLOGY CO.,LTD. is a Taiwan-based company principally engaged in the design, manufacture and sales of integrated circuit (IC) firmware applications. The Company's main products include image and video IC application products, microprocessor IC application products, voice control IC application products and memory IC application products. The Company's products are mainly used in consumer electronics. The Company distributes its products in domestic market to overseas markets.