Tung Thih Electronic Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 12:22 pm EST
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Tung Thih Electronic Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,941.026 million compared to TWD 1,639.403 million a year ago. Operating income was TWD 69.902 million compared to operating loss of TWD 134.027 million a year ago. Net income was TWD 136.112 million compared to net loss of TWD 168.410 million a year ago. Basic earnings per share was TWD 1.59 compared to basic loss per share of TWD 1.97 a year ago. For the nine months, sales was TWD 4,402.764 million compared to TWD 5,023.452 million a year ago. Operating loss was TWD 46.171 million compared to TWD 394.790 million a year ago. Net income was TWD 19.489 million compared to net loss of TWD 355.998 million a year ago. Basic earnings per share was TWD 0.23 compared to basic loss per share of TWD 4.16 a year ago.
Tung Thih Electronic Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of automobile electronic products and components. The Company's products include ultrasonic car auxiliary systems, vehicle alarms, door locked actuators, multi-function display indoor rear-view mirror systems, vehicle imaging systems, wireless tire pressure detection systems and body control modules (BCMs). The Company distributes its products within domestic market and to overseas markets, including the rest of Asia, Americas and Europe.
TUNG THIH ELECTRONIC CO., LTD. 
