Tatung Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 12:54 pm EST
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Tatung Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 8,074.11 million compared to TWD 7,401.36 million a year ago. Revenue was TWD 8,063.93 million compared to TWD 7,382.85 million a year ago. Net income was TWD 740.16 million compared to net loss of TWD 175.76 million a year ago. Basic earnings per share from continuing operations was TWD 0.32 compared to basic loss per share from continuing operations of TWD 0.07 a year ago. Diluted earnings per share from continuing operations was TWD 0.32 compared to diluted loss per share from continuing operations of TWD 0.07 a year ago.
For the nine months, sales was TWD 22,118.47 million compared to TWD 24,196.7 million a year ago. Revenue was TWD 22,040.76 million compared to TWD 24,121.79 million a year ago. Net income was TWD 1,266.66 million compared to net loss of TWD 0.69 million a year ago. Basic earnings per share from continuing operations was TWD 0.54. Diluted earnings per share from continuing operations was TWD 0.54.
Tatung Co is a Taiwan-based company mainly engaged in the manufacture and sale of electronic and electrical products. The Company operates through four segments. The Optical segment is engaged in the development, manufacture and sale of thin-film transistor (TFT) large-size panels, small and medium-sized panels such as smartphones, tablet computers, car panels and touch panels. The Mechanical and Electrical Energy segment is engaged in the development, manufacture and sale of smart grids, smart meters, solar photovoltaics, light-emitting diode lighting, motors, electromechanical and energy management systems. The Consumer Products segment is engaged in the development, manufacture and sale of digital TVs, flat panel displays, digital media equipment, digital audio-visual, and home appliance products. The Other segment is engaged in other businesses.