Ability Opto-Electronics Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 02:18 pm EDT
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Ability Opto-Electronics Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 541.161 million compared to TWD 395.861 million a year ago. Operating loss was TWD 55.026 million compared to TWD 9.149 million a year ago. Net loss was TWD 44.459 million compared to net income of TWD 2.277 million a year ago. Basic loss per share was TWD 0.4 compared to basic earnings per share of TWD 0.02 a year ago.
ABILITY OPTO-ELECTRONICS TECHNOLOGY CO., LTD. is a Taiwan-based company primarily engaged in the design, development, manufacture, processing and sale of optical glasses and plastic optical lenses. The Company's offerings include optical lenses, which are applied in the manufacture of laptop computer cameras, optical touch monitors (OTMs), digital video (DV) cameras, digital still cameras (DSCs), personal computer (PC) cameras, multi-functional business machines and bar code scanners, as well as optical glasses, which are used for optical lenses. The Company distributes its products principally in Taiwan and other Asian markets.
ABILITY OPTO-ELECTRONICS TECHNOLOGY CO.,LTD. 
