Taitien Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 07:32 am EST
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Taitien 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 329.03 million compared to TWD 616.47 million a year ago. Net income was TWD 27.19 million compared to TWD 117.39 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to TWD 1.72 a year ago. Diluted earnings per share from continuing operations was TWD 0.4 compared to TWD 1.69 a year ago.
For the nine months, sales was TWD 1,247.7 million compared to TWD 1,846.24 million a year ago. Net income was TWD 103.73 million compared to TWD 322.72 million a year ago. Basic earnings per share from continuing operations was TWD 1.52 compared to TWD 4.72 a year ago. Diluted earnings per share from continuing operations was TWD 1.51 compared to TWD 4.64 a year ago.
TAITIEN ELECTRONICS CO., LTD. is principally engaged in the manufacture and distribution of quartz oscillators and crystal units. The Company's products include crystal units, service mounted device (SMD) crystals, oscillators, SMD oscillators, temperature compensated crystal oscillators (TCXOs), voltage control crystal oscillators (VCXOs), oven controlled crystal oscillators (OCXOs), quartz wafers and blanks, tuning fork crystals, sensor crystals, global positioning system (GPS) clocks, stress compensated (SC)-cut crystal oscillators and testing and production equipment. The Company distributes its products within domestic market and to overseas markets.