HEP Tech Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 04:52 am EST
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HEP Tech Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 209.47 million compared to TWD 241.58 million a year ago. Net loss was TWD 23.55 million compared to net income of TWD 2.43 million a year ago. Basic loss per share from continuing operations was TWD 0.7 compared to basic earnings per share from continuing operations of TWD 0.08 a year ago. Diluted loss per share from continuing operations was TWD 0.7 compared to diluted earnings per share from continuing operations of TWD 0.08 a year ago.
For the nine months, sales was TWD 630.79 million compared to TWD 544.29 million a year ago. Net loss was TWD 49.17 million compared to TWD 3.14 million a year ago. Basic loss per share from continuing operations was TWD 1.55 compared to TWD 0.1 a year ago. Diluted loss per share from continuing operations was TWD 1.55 compared to TWD 0.1 a year ago.
Hep Tech Co., Ltd. is a Taiwan-based company principally engaged in the research and development, manufacture and sales of electric light source driving components. The Company's main products include electronic ballasts, electronic transformers and light emitting diode (LED) drivers. The Company's products are applied in electric light sources such as halogen lamps, fluorescent lamps, mercury lamps, metal halide lamps, high pressure sodium lamps and LED lamps, among others. The Company distributes its products within Taiwan and to overseas markets, including the rest of Asia, Europe and the Americas.
HEP TECH CO., LTD. 
