Laster Tech Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 10:46 am EDT
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Laster Tech Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,054.385 million compared to TWD 1,048.962 million a year ago. Operating income was TWD 8.828 million compared to operating loss of TWD 5.661 million a year ago. Net income was TWD 22.781 million compared to net loss of TWD 22.928 million a year ago. Basic earnings per share was TWD 0.3 compared to basic loss per share of TWD 0.3 a year ago. Diluted earnings per share was TWD 0.28 compared to diluted loss per share of TWD 0.3 a year ago. For the half year, sales was TWD 1,711.738 million compared to TWD 2,032.562 million a year ago. Operating loss was TWD 128.830 million compared to operating Income of TWD 11.274 million a year ago. Net loss was TWD 106.704 million compared to net income of TWD 3.523 million a year ago. Basic loss per share was TWD 1.41 compared to basic earnings per share of TWD 0.05 a year ago.
Laster Tech Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of light-emitting diode (LED) vehicle lighting related products. The Company's main products include LED headlights, LED rear lights, LED directional lights, LED chips and components, as well as electronic materials. The Company distributes its products to overseas markets, such as the rest of Asia, Europe and the Americas.