Fortune Electric Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 04:14 pm EDT
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Fortune Electric Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was TWD 1,483.152 million compared to TWD 1,201.434 million a year ago. Operating loss was TWD 64.594 million compared to TWD 96.774 million a year ago. Net loss was TWD 64.558 million compared to TWD 53.097 million a year ago. Basic loss per share from continuing operations was TWD 0.25 compared to TWD 0.18 a year ago. Basic loss per share was TWD 0.25 compared to TWD 0.2 a year ago. For the half year, total revenue was TWD 2,714.979 million compared to TWD 2,449.042 million a year ago. Operating loss was TWD 6.809 million compared to TWD 177.261 million a year ago. Net income was TWD 80.877 million compared to net loss of TWD 121.523 million a year ago. Basic earnings per share from continuing operations was TWD 0.31 compared to basic loss per share from continuing operations of TWD 0.42 a year ago. Basic earnings per share was TWD 0.31 compared to basic loss per share of TWD 0.47 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.