I-Sheng Electric Wire & Cable Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 06:33 pm EDT
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I-Sheng Electric Wire & Cable Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 1,659.989 million compared to TWD 1,045.013 million a year ago. Operating income was TWD 159.875 million compared to TWD 50.279 million a year ago. Net income was TWD 141.034 million compared to TWD 57.331 million a year ago. Basic earnings per share from continuing operations was TWD 0.75 compared to TWD 0.31 a year ago. Diluted earnings per share from continuing operations was TWD 0.75 compared to TWD 0.3 a year ago.
I-SHENG ELECTRIC WIRE & CABLE CO., LTD. is a Taiwan-based company principally engaged in the computer peripheral products businesses. The Companyâs primary products include power cord connectors, power cables, signal transmission cables, network wires and optical fiber cables, as well as related plastic materials. The Company mainly operates through two business segments. The Power Connectors segment is mainly engaged in the manufacturing and distribution of power connectors of computers, network communication equipment and consumer electronics. The Plastic Materials segment is mainly engaged in the manufacture of plastic materials for electronic components. The Company mainly operates its businesses in Taiwan, Hong Kong, Japan and other countries.