TAI-TECH Advanced Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:53 pm EST
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TAI-TECH Advanced 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 1,064.91 million compared to TWD 1,193.66 million a year ago. Net income was TWD 127.89 million compared to TWD 245.44 million a year ago. Basic earnings per share from continuing operations was TWD 1.25 compared to TWD 2.39 a year ago. Diluted earnings per share from continuing operations was TWD 1.25 compared to TWD 2.38 a year ago.
For the nine months, sales was TWD 3,334.76 million compared to TWD 4,056.83 million a year ago. Net income was TWD 475.09 million compared to TWD 904.78 million a year ago. Basic earnings per share from continuing operations was TWD 4.66 compared to TWD 8.79 a year ago. Diluted earnings per share from continuing operations was TWD 4.63 compared to TWD 8.71 a year ago.
TAI-TECH Advanced Electronics Co., Ltd. is principally engaged in the manufacturing and distribution of electronic components. The Company primarily provides coil components and chip components. Its coil components include precision coil components, including ferrite precision coil inductors, high frequency precision coil ceramic inductors and others, as well as power inductance components. Its chip components include laminated wafer magnetic beads, multilayer chip inductors, laminated wafer type power inductors, low temperature co-fired ceramic (LTCC) radio frequency components and modules. The Company also provides magnetic materials and other inductor components. The Company distributes its products primarily in Asia, Europe and North America.
TAI-TECH ADVANCED ELECTRONICS CO., LTD. 
