TECO Electric & Machinery Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 04, 2021
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TECO Electric & Machinery Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 13,241.26 million compared to TWD 11,447.81 million a year ago. Net income was TWD 1,578.75 million compared to TWD 801.98 million a year ago. Basic earnings per share from continuing operations was TWD 0.75 compared to TWD 0.41 a year ago. Diluted earnings per share from continuing operations was TWD 0.75 compared to TWD 0.41 a year ago.
For the nine months, sales was TWD 38,718.95 million compared to TWD 33,348.81 million a year ago. Net income was TWD 4,117 million compared to TWD 2,727.72 million a year ago. Basic earnings per share from continuing operations was TWD 1.96 compared to TWD 1.41 a year ago. Diluted earnings per share from continuing operations was TWD 1.96 compared to TWD 1.41 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. 
