Teco Electric & Machinery Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 13, 2019 at 03:28 pm EDT
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TECO Electric & Machinery Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 12,541.510 million compared to TWD 12,889.764 million a year ago. Operating income was TWD 1,012.502 million compared to TWD 877.468 million a year ago. Net income was TWD 1,167.086 million compared to TWD 1,102.993 million a year ago. Basic earnings per share was TWD 0.6 compared to TWD 0.56 a year ago. For the half year, sales was TWD 24,248.557 million compared to TWD 25,045.475 million a year ago. Operating income was TWD 1,938.580 million compared to TWD 1,784.822 million a year ago. Net income was TWD 1,801.670 million compared to TWD 1,640.254 million a year ago. Basic earnings per share was TWD 0.92 compared to TWD 0.83 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. 
