Hong Tai Electric Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 09, 2022 at 06:30 pm EDT
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Hong Tai Electric Industrial Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 1,672.52 million compared to TWD 1,467.34 million a year ago. Revenue was TWD 1,656.51 million compared to TWD 1,459.17 million a year ago. Net income was TWD 113.4 million compared to TWD 178.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.36 compared to TWD 0.56 a year ago. Diluted earnings per share from continuing operations was TWD 0.36 compared to TWD 0.56 a year ago.
HONG TAI ELECTRIC INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of wire and cable products. The products of the Company include power cables, polyvinyl chloride insulated wires and cables, fire-resistant and heat-resistant cables, control cables, termite resistant cables, bare copper wires, rubber wires and cables, flame-retardant cables, prefabricated branch cables, rodent control cables, smart cables, surveillance system products, access control system products, smart home system products, copper foil substrates and adhesive sheets. The Company operates businesses in domestic and overseas markets.