TECO Electric & Machinery Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 11:32 pm EDT
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TECO Electric & Machinery Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 15,064.06 million compared to TWD 14,543.59 million a year ago. Net income was TWD 2,121.93 million compared to TWD 1,020.68 million a year ago. Basic earnings per share from continuing operations was TWD 1.01 compared to TWD 0.48 a year ago. Diluted earnings per share from continuing operations was TWD 1.01 compared to TWD 0.48 a year ago.
For the six months, sales was TWD 29,964.25 million compared to TWD 28,440.87 million a year ago. Net income was TWD 3,756.79 million compared to TWD 1,369.12 million a year ago. Basic earnings per share from continuing operations was TWD 1.78 compared to TWD 0.65 a year ago. Diluted earnings per share from continuing operations was TWD 1.78 compared to TWD 0.65 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. 
