TienPin United Enterprise CO., LTD. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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TienPin United Enterprise CO., LTD. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 25.49 million compared to TWD 16.88 million a year ago. Net loss was TWD 41.49 million compared to net income of TWD 87.59 million a year ago. Basic loss per share from continuing operations was TWD 0.67 compared to basic earnings per share from continuing operations of TWD 1.42 a year ago. Diluted loss per share from continuing operations was TWD 0.67 compared to diluted earnings per share from continuing operations of TWD 1.42 a year ago.
For the six months, sales was TWD 48.85 million compared to TWD 32.15 million a year ago. Net loss was TWD 8.23 million compared to net income of TWD 85.01 million a year ago. Basic loss per share from continuing operations was TWD 0.13 compared to basic earnings per share from continuing operations of TWD 1.38 a year ago. Diluted loss per share from continuing operations was TWD 0.13 compared to diluted earnings per share from continuing operations of TWD 1.38 a year ago.
TienPin United Enterprise CO., LTD (formerly: DataFab Systems Inc.) is engaged in the research, development, design, manufacture, assembly, testing and distribution of computer peripheral products. The Company provides card readers, adapters, express cards, liquid crystal displays, multimedia players, flash memory cards, as well as liquid crystal displays (LCDs), among others. During the year ended December 31, 2011, the Company obtained approximately 70.39% of its revenue from its card reader business. The Company distributes its products within the domestic market and to overseas markets, including the Americas, the rest of Asia and Europe.