Action Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 03:26 pm EDT
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Action Electronics Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 404.14 million compared to TWD 347.16 million a year ago. Net income was TWD 31.44 million compared to TWD 169.54 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to basic loss per share from continuing operations of TWD 0.11 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to diluted loss per share from continuing operations of TWD 0.11 a year ago. Basic earnings per share was TWD 0.11 compared to TWD 0.61 a year ago. Diluted earnings per share was TWD 0.11 compared to TWD 0.61 a year ago.
For the six months, sales was TWD 785.86 million compared to TWD 743.1 million a year ago. Net income was TWD 50.21 million compared to TWD 187.4 million a year ago. Basic earnings per share from continuing operations was TWD 0.18 compared to basic loss per share from continuing operations of TWD 0.04 a year ago. Diluted earnings per share from continuing operations was TWD 0.18 compared to diluted loss per share from continuing operations of TWD 0.04 a year ago. Basic earnings per share was TWD 0.18 compared to TWD 0.68 a year ago. Diluted earnings per share was TWD 0.18 compared to TWD 0.68 a year ago.
Action Electronics Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing, distribution, maintenance and technology services of electronic products. The Company provides portable multimedia players, liquid crystal digital televisions and digital video disks (DVD), digital photo frames, mobile entertainment products, mobile Internet products, solar application products and tablet personal computers, among others. The Company also involves in the provision of related technology transfer and consulting services. It distributes its products primarily in Asia, Europe and the Americas.