Higher Way Electronic Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:25 am EDT
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Higher Way Electronic Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 347.4 million compared to TWD 380.12 million a year ago. Net income was TWD 13.72 million compared to TWD 25.16 million a year ago. Basic earnings per share from continuing operations was TWD 0.41 compared to TWD 0.75 a year ago. Diluted earnings per share from continuing operations was TWD 0.37 compared to TWD 0.65 a year ago.
For the six months, sales was TWD 528.51 million compared to TWD 731.35 million a year ago. Net income was TWD 0.688 million compared to TWD 41.1 million a year ago. Basic earnings per share from continuing operations was TWD 0.02 compared to TWD 1.23 a year ago. Diluted earnings per share from continuing operations was TWD 0.02 compared to TWD 1.07 a year ago.
HIGHER WAY ELECTRONIC CO., LTD. is a Taiwan-based company principally engaged in the design, manufacture and distribution of integrated circuits (ICs). The Company's primary products include multimedia controllers ICs, speech and music ICs, memory devices ICs, liquid crystal display (LCD) controllers ICs, single-chip microcontrollers ICs and optoelectronic devices. The Company's products are mainly used in electronic keyboards, Web cameras, moving picture experts group layer-3 audio (MP3) players, television (TV) games, electronic learning aids (ELAs), electronic books, personal stereos, handheld game machines and electronic dictionaries. The Company mainly distributes its products within the domestic market and to overseas markets.
HIGHER WAY ELECTRONIC CO., LTD. 
