Powertech Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Powertech 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 305.42 million compared to TWD 745.66 million a year ago. Net loss was TWD 41.18 million compared to net income of TWD 14.26 million a year ago. Basic loss per share from continuing operations was TWD 0.43 compared to basic earnings per share from continuing operations of TWD 0.15 a year ago.
For the six months, sales was TWD 668.55 million compared to TWD 1,234.19 million a year ago. Net loss was TWD 85.58 million compared to TWD 52.89 million a year ago. Basic loss per share from continuing operations was TWD 0.88 compared to TWD 0.55 a year ago.
POWERTECH INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of power protectors. The Company provides electronic circuit power protectors, including line cord plug in products, wall plug products and power control centers, as well as smart household wireless remote control products, including lighting control products, wireless motion sensors and security remote systems. Its products are applied in the computers, communication products, consumer electronics, prevision electronic instruments, audio products, digital televisions, household electrical appliances and others. The Company mainly distributes its products to the United States, Australia and others.
POWERTECH INDUSTRIAL CO., LTD. 
