Lung Hwa Electronics Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 06:38 pm EDT
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Lung Hwa Electronics Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 11.547 million compared to TWD 823,000 a year ago. Operating loss was TWD 24.144 million compared to TWD 5.747 million a year ago. Net loss was TWD 25.096 million compared to net income of TWD 3.195 million a year ago. Basic loss per share was TWD 0.84 compared to basic earnings per share of TWD 0.11 a year ago. For the half year, sales was TWD 11.955 million compared to TWD 2.106 million a year ago. Operating loss was TWD 42.679 million compared to TWD 11.339 million a year ago. Net loss was TWD 44.651 million compared to TWD 9.366 million a year ago. Basic loss per share was TWD 1.49 compared to TWD 0.31 a year ago.
Lung Hwa Electronics Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture, processing and distribution of system hosts. The Company mainly provides intelligent home portal security control systems, vehicle multimedia management systems, fleet operation controlling and management systems, and vehicle-based Free-Wireless Fidelity (WIFI) management systems. The Company distributes its products in Taiwan.