Hong Tai Electric Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 02:16 am EST
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Hong Tai Electric Industrial 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 1,636.53 million compared to TWD 1,506.11 million a year ago. Net income was TWD 121.59 million compared to TWD 80.88 million a year ago. Basic earnings per share from continuing operations was TWD 0.38 compared to TWD 0.25 a year ago. Diluted earnings per share from continuing operations was TWD 0.38 compared to TWD 0.25 a year ago.
For the nine months, sales was TWD 4,448.56 million compared to TWD 4,577.44 million a year ago. Net income was TWD 452.3 million compared to TWD 221.57 million a year ago. Basic earnings per share from continuing operations was TWD 1.43 compared to TWD 0.7 a year ago. Diluted earnings per share from continuing operations was TWD 1.42 compared to TWD 0.69 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.