Bestec Power Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:59 pm EST
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Bestec Power Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 62.68 million compared to TWD 99.63 million a year ago. Revenue was TWD 62.68 million compared to TWD 99.62 million a year ago. Net income was TWD 18.13 million compared to net loss of TWD 3.88 million a year ago. Basic earnings per share from continuing operations was TWD 0.24 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 0.24 compared to diluted loss per share from continuing operations of TWD 0.11 a year ago. Basic earnings per share was TWD 0.26 compared to basic loss per share of TWD 0.05 a year ago. Diluted earnings per share was TWD 0.26 compared to diluted loss per share of TWD 0.05 a year ago.
For the nine months, sales was TWD 184.83 million compared to TWD 246.16 million a year ago. Revenue was TWD 184.8 million compared to TWD 246.13 million a year ago. Net loss was TWD 10.65 million compared to TWD 30.02 million a year ago. Basic earnings per share from continuing operations was TWD 0.05 compared to basic loss per share from continuing operations of TWD 0.02 a year ago. Diluted earnings per share from continuing operations was TWD 0.04 compared to diluted loss per share from continuing operations of TWD 0.02 a year ago. Basic loss per share was TWD 0.15 compared to TWD 0.42 a year ago. Diluted loss per share was TWD 0.15 compared to TWD 0.42 a year ago.
BESTEC POWER ELECTRONICS CO., LTD is a Taiwan-based company principally engaged in the research, development, manufacture and sales of power converters and power supplies. The Company's main products include switching power supplies, switching direct current (DC) power supply equipment systems, DC power converters, related materials and others. The Company's products are mainly used in computers, consumer electronics, communications, industrial and test equipment, national defense and aerospace. The Company distributes its products in domestic market and to overseas markets.