Lung Hwa Electronics Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 11:58 am EST
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Lung Hwa Electronics Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 3.972 million compared to TWD 237,000 a year ago. Operating loss was TWD 33.438 million compared to TWD 17.933 million a year ago. Net loss was TWD 34.126 million compared to TWD 18.520 million a year ago. Basic loss per share was TWD 1.14 compared to TWD 0.62 a year ago. For the nine months, sales was TWD 15.927 million compared to TWD 2.343 million a year ago. Operating loss was TWD 76.117 million compared to TWD 29.272 million a year ago. Net loss was TWD 78.777 million compared to TWD 27.886 million a year ago. Basic loss per share was TWD 2.63 compared to TWD 0.93 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.