Cincon Electronics Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 05:48 pm EDT
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Cincon Electronics Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 315.381 million compared to TWD 285.919 million a year ago. Operating income was TWD 45.143 million compared to TWD 30.760 million a year ago. Net income was TWD 55.128 million compared to TWD 27.006 million a year ago. Basic earnings per share was TWD 1.15 compared to TWD 0.56 a year ago. For the half year, sales was TWD 507.450 million compared to TWD 596.181 million a year ago. Operating income was TWD 44.530 million compared to TWD 64.373 million a year ago. Net income was TWD 54.124 million compared to TWD 54.247 million a year ago. Basic earnings per share was TWD 1.13 compared to TWD 1.13 a year ago. Diluted earnings per share was TWD 1.12 compared to TWD 1.13 a year ago.
Cincon Electronics Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of power supplies. The Company's products include battery chargers, mobile phone battery converters, switched power supplies, linear power supplies, direct current (DC) converters and alternating current (AC) converters, among others. The Company's products are applied in information and communication products, consumer electronics, medical apparatus, and industrial electronic equipment, as well as military and aircraft industries. The Company distributes its products within Taiwan and China Mainland markets.
CINCON ELECTRONICS CO., LTD. 
