Fortune Electric Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 03:46 am EDT
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Fortune Electric Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 1,807.975 million compared to TWD 1,483.152 million a year ago. Operating income was TWD 141.155 million compared to operating loss of TWD 64.594 million a year ago. Net income was TWD 126.000 million compared to net loss of TWD 64.558 million a year ago. Basic earnings per share was TWD 0.48 compared to basic loss per share of TWD 0.25 a year ago. For the half year, total revenue was TWD 3,484.687 million compared to TWD 2,714.979 million a year ago. Operating income was TWD 146.301 million compared to operating loss of TWD 6.809 million a year ago. Net income was TWD 130.016 million compared to TWD 80.877 million a year ago. Basic earnings per share was TWD 0.5 compared to TWD 0.31 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.