Lung Hwa Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023
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Lung Hwa Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 17.16 million compared to TWD 15.81 million a year ago. Net loss was TWD 58.88 million compared to TWD 47.4 million a year ago. Basic loss per share from continuing operations was TWD 1.21 compared to TWD 1.26 a year ago.
For the nine months, sales was TWD 63.88 million compared to TWD 52.54 million a year ago. Net loss was TWD 149.89 million compared to TWD 133.51 million a year ago. Basic loss per share from continuing operations was TWD 3.09 compared to TWD 3.79 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.