Merry Electronics Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 29, 2020 at 08:46 pm EDT
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Merry Electronics Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 6,445.201 million compared to TWD 10,064.072 million a year ago. Operating income was TWD 279.786 million compared to TWD 873.455 million a year ago. Net income was TWD 302.768 million compared to TWD 776.277 million a year ago. Basic earnings per share was TWD 1.47 compared to TWD 3.8 a year ago. Diluted earnings per share was TWD 1.38 compared to TWD 3.55 a year ago. For the half year, sales was TWD 11,621.864 million compared to TWD 17,695.523 million a year ago. Operating income was TWD 234.829 million compared to TWD 1,235.314 million a year ago. Net income was TWD 350.149 million compared to TWD 1,192.188 million a year ago. Basic earnings per share was TWD 1.69 compared to TWD 5.89 a year ago. Diluted earnings per share was TWD 1.62 compared to TWD 5.41 a year ago.
Merry Electronics Co Ltd is a Taiwan-based company mainly engaged in the production of headphones, audio and speakers. Products include speakers, hands-free handsets, power banks, hearing aids, entertainment headsets, portable speakers and Bluetooth headsets. The products are used in mobile computers, tablet computers, mobile phones, televisions, wearable devices, and smart homes. The products are mainly sold to Asia, Europe and the Americas.
MERRY ELECTRONICS CO., LTD. 
