Transcend Information, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020
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Transcend Information, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2,764.892 million compared to TWD 3,366.277 million a year ago. Operating income was TWD 226.482 million compared to TWD 578.814 million a year ago. Net income was TWD 204.271 million compared to TWD 535.506 million a year ago. Basic earnings per share was TWD 0.48 compared to TWD 1.24 a year ago. For the nine months, sales was TWD 8,471.020 million compared to TWD 10,210.105 million a year ago. Operating income was TWD 953.998 million compared to TWD 1,311.782 million a year ago. Net income was TWD 932.998 million compared to TWD 1,333.051 million a year ago. Basic earnings per share was TWD 2.17 compared to TWD 3.09 a year ago.
Transcend Information, Inc. is a Taiwan-based company principally engaged in the manufacture and distribution of memory products. The Companyâs primary products include dynamic random access memory (DRAM) expansion cards, desktop and notebook computer memory cards, server and workstation memory cards, router memory cards, laser printer and facsimile machine memory cards, flash memory application products, compact flash cards, multimedia cards (MMCs), secure digital (SD) cards, moving picture experts group layer-3 audio (MP3) players, digital photo frames, mobile hard drives, external digital video disk (DVD) recorders and solid hard drives. The Company mainly distributes its products in domestic market and overseas markets, including the rest of Asia, the Americas and Europe.