Higher Way Electronic Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 03:14 am EST
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Higher Way Electronic 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 288.17 million compared to TWD 255.75 million a year ago. Net income was TWD 13.44 million compared to TWD 28.99 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to TWD 0.87 a year ago. Diluted earnings per share from continuing operations was TWD 0.36 compared to TWD 0.74 a year ago.
For the nine months, sales was TWD 816.68 million compared to TWD 987.1 million a year ago. Net income was TWD 14.13 million compared to TWD 70.09 million a year ago. Basic earnings per share from continuing operations was TWD 0.42 compared to TWD 2.1 a year ago. Diluted earnings per share from continuing operations was TWD 0.42 compared to TWD 1.82 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. 
