Powertech Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 03:27 am EST
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Powertech Industrial 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 429.7 million compared to TWD 735.78 million a year ago. Net income was TWD 3.75 million compared to TWD 26.61 million a year ago. Basic earnings per share from continuing operations was TWD 0.04 compared to TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 0.04 compared to TWD 0.28 a year ago.
For the nine months, sales was TWD 1,098.25 million compared to TWD 1,969.97 million a year ago. Net loss was TWD 81.83 million compared to TWD 26.29 million a year ago. Basic loss per share from continuing operations was TWD 0.85 compared to TWD 0.27 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.