Allis Electric Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 02:54 pm EST
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Allis Electric Co.,Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,198.331 million compared to TWD 1,002.153 million a year ago. Operating income was TWD 78.723 million compared to TWD 75.355 million a year ago. Net income was TWD 86.738 million compared to TWD 77.769 million a year ago. Basic earnings per share was TWD 0.4 compared to TWD 0.36 a year ago. For the nine months, sales was TWD 3,681.254 million compared to TWD 3,458.292 million a year ago. Operating income was TWD 277.095 million compared to TWD 222.537 million a year ago. Net income was TWD 265.676 million compared to TWD 222.249 million a year ago. Basic earnings per share was TWD 1.24 compared to TWD 1.03 a year ago.
ALLIS ELECTRIC CO., LTD. is a Taiwan-based company principally engaged in manufacture of electronic products and electrical products. The Company develops four categories of products. Its switchboards products include closed type switchboards, high and low voltage switchboards, motor control centers and distribution boxes. Its transformer products include oil-immersed transformers, dry type transformers and cast resin transformers, among others. Its industrial and communication electronic products include chargers, photovoltaic inverters, uninterruptible power supply systems, switchable direct current power supplies and remote terminals. Its power transmission and distribution equipment products include section switches, vacuum breakers and vacuum switches, among others. The Company also provides the sales, engineering, installation and after-sale services of its products.
ALLIS ELECTRIC CO.,LTD. 
