Lung Hwa Electronics Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 01:23 pm EST
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Lung Hwa Electronics Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2.624 million compared to TWD 3.972 million a year ago. Operating loss was TWD 52.514 million compared to TWD 33.438 million a year ago. Net loss was TWD 43.138 million compared to TWD 34.126 million a year ago. Basic loss per share was TWD 2.4 compared to TWD 1.9 a year ago. For the nine months, sales was TWD 12.333 million compared to TWD 15.927 million a year ago. Operating loss was TWD 131.151 million compared to TWD 76.117 million a year ago. Net loss was TWD 125.151 million compared to TWD 78.777 million a year ago. Basic loss per share was TWD 6.95 compared to TWD 4.38 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.