Hep Tech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 02:18 pm EDT
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HEP Tech Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 96.486 million compared to TWD 149.788 million a year ago. Operating loss was TWD 10.768 million compared to TWD 292,000 a year ago. Net income was TWD 1.352 million compared to TWD 3.825 million a year ago. Basic earnings per share was TWD 0.04 compared to TWD 0.13 a year ago.
Hep Tech Co Ltd is a Taiwan-based company principally engaged in the research and development, manufacture, and sale of electric light source driving components. The main products include electronic ballasts, electronic transformers, and light emitting diode (LED) electronic drivers. The 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, and others. The main function of the product is to provide lighting voltage, stable current, or voltage transformation. The Company is also engaged in the sale of finished vehicles, car boutique modification kits and bicycles. The Company distributes its products within Taiwan and overseas markets, including the rest of Asia, Europe, Americas, and others.