Fuzetec Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:24 pm EDT
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Fuzetec Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 104.4 million compared to TWD 112.53 million a year ago. Net income was TWD 18.32 million compared to TWD 49.92 million a year ago. Basic earnings per share from continuing operations was TWD 0.49 compared to TWD 1.33 a year ago. Diluted earnings per share from continuing operations was TWD 0.49 compared to TWD 1.33 a year ago.
For the nine months, sales was TWD 308.88 million compared to TWD 385.88 million a year ago. Net income was TWD 51.28 million compared to TWD 152.06 million a year ago. Basic earnings per share from continuing operations was TWD 1.37 compared to TWD 4.07 a year ago. Diluted earnings per share from continuing operations was TWD 1.37 compared to TWD 4.04 a year ago.
Fuzetec Technology Co., Ltd. is engaged in the manufacture of electronic components. The Company is mainly involved in the research, development, manufacture and distribution of polymeric positive temperature coefficient resettable fuses (PPTC), which are used in vehicles, communication networks, industrial control automation and green energy field, among others. The Company mainly distributes its products within domestic and overseas markets.