New Era Electronics Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 09:31 pm EST
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New Era Electronics Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 111.72 million compared to TWD 178.59 million a year ago. Net income was TWD 27.05 million compared to net loss of TWD 20.63 million a year ago. Basic earnings per share from continuing operations was TWD 0.29 compared to basic loss per share from continuing operations of TWD 0.22 a year ago. Diluted earnings per share from continuing operations was TWD 0.29 compared to diluted loss per share from continuing operations of TWD 0.22 a year ago.
For the nine months, sales was TWD 352.94 million compared to TWD 549.73 million a year ago. Net income was TWD 26.5 million compared to net loss of TWD 76.16 million a year ago. Basic earnings per share from continuing operations was TWD 0.28 compared to basic loss per share from continuing operations of TWD 0.82 a year ago. Diluted earnings per share from continuing operations was TWD 0.28 compared to diluted loss per share from continuing operations of TWD 0.82 a year ago.
NEW ERA ELECTRONICS CO., LTD. is a Taiwan-based company principally engaged in the design, manufacture, assembly and distribution of substrates. The Companyâs primary products include high frequency (HF) microwave communication substrates and printed circuit boards (PCBs). Its products are mainly used in the manufacture of automobile phones, mobile phones, satellite signal senders, video transmission products, portable phones, global positioning system (GPS) products, digital wireless telephones, Bluetooth devices, antennas, wireless switches, set top boxes, network communication products, high definition (HD) televisions (TVs), liquid crystal displays (LCDs), multi-media video products, personal computers (PCs) and notebook computers, among others. The Company mainly distributes its products in Taiwan, Mainland China and the United States of America (the USA).