Fortune Electric Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 02:20 pm EST
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Fortune Electric Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was TWD 1,403.477 million compared to TWD 1,735.876 million a year ago. Operating income was TWD 103.145 million compared to TWD 63.796 million a year ago. Net income was TWD 134.958 million compared to TWD 19.276 million a year ago. Basic earnings per share was TWD 0.52 compared to TWD 0.08 a year ago. Diluted earnings per share was TWD 0.52 compared to TWD 0.11 a year ago. For the nine months, total revenue was TWD 4,118.456 million compared to TWD 4,184.918 million a year ago. Operating income was TWD 96.336 million compared to operating loss of TWD 113.465 million a year ago. Net income was TWD 215.835 million compared to net loss of TWD 102.247 million a year ago. Basic earnings per share was TWD 0.83 compared to basic loss per share of TWD 0.39 a year ago. Diluted earnings per share was TWD 0.83 compared to diluted loss per share of 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.