Teco Electric & Machinery Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 04:59 pm EST
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TECO Electric & Machinery Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 11,447.811 million compared to TWD 11,601.033 million a year ago. Operating income was TWD 710.947 million compared to TWD 936.973 million a year ago. Net income was TWD 801.977 million compared to TWD 785.214 million a year ago. Basic earnings per share was TWD 0.41 compared to TWD 0.4 a year ago. For the nine months, sales was TWD 33,348.808 million compared to TWD 35,849.590 million a year ago. Operating income was TWD 2,673.335 million compared to TWD 2,875.553 million a year ago. Net income was TWD 2,727.719 million compared to TWD 2,586.884 million a year ago. Basic earnings per share was TWD 1.41 compared to TWD 1.33 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. 
