Teco Electric & Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 06, 2020 at 07:52 pm EDT
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TECO Electric & Machinery Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 10,664.930 million compared to TWD 11,707.047 million a year ago. Operating income was TWD 808.730 million compared to TWD 926.078 million a year ago. Net income was TWD 446.995 million compared to TWD 634.584 million a year ago. Basic earnings per share was TWD 0.23 compared to TWD 0.32 a year ago.
TECO Electric Machinery Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of heavy electricity equipment and electronic control products. The Company operates through two business segments. The Heavy Electrical Equipment segment is engaged in the manufacture and sale of various motors, reducers, inverters and generators. The Home Appliances segment is engaged in the manufacture, installation and sale of various televisions and other video appliances, as well as air conditioners, refrigerators, washing machines and small household appliances. The Company is also engaged in the provision of power engineering services and power equipment, as well as electric vehicle products, fire pumps and other products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, Australia, Japan, Singapore, Indonesia and mainland China.
TECO ELECTRIC & MACHINERY CO., LTD. 
