Fortune Electric Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 24, 2021 at 02:40 pm EDT
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Fortune Electric Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was TWD 8,471.592 million compared to TWD 7,176.598 million a year ago. Operating income was TWD 474.093 million compared to TWD 331.055 million a year ago. Net income was TWD 457.514 million compared to TWD 410.652 million a year ago. Basic earnings per share was TWD 1.75 compared to TWD 1.57 a year ago.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.