Teco Electric & Machinery Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021
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TECO Electric & Machinery Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 13,486.642 million compared to TWD 11,236.067 million a year ago. Operating income was TWD 1,725.214 million compared to TWD 1,153.658 million a year ago. Net income was TWD 1,436.606 million compared to TWD 1,478.747 million a year ago. Basic earnings per share from continuing operations was TWD 0.68 compared to TWD 0.76 a year ago. For the half year, sales was TWD 25,477.693 million compared to TWD 21,900.997 million a year ago. Operating income was TWD 3,002.648 million compared to TWD 1,962.388 million a year ago. Net income was TWD 2,538.250 million compared to TWD 1,925.742 million a year ago. Basic earnings per share from continuing operations was TWD 1.21 compared to TWD 0.99 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.