Tung Thih Electronic Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 10:34 pm EST
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Tung Thih Electronic Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 2,665.36 million compared to TWD 2,579.39 million a year ago. Net income was TWD 165.98 million compared to TWD 187.51 million a year ago. Basic earnings per share from continuing operations was TWD 1.94 compared to TWD 2.19 a year ago. Diluted earnings per share from continuing operations was TWD 1.94 compared to TWD 2.19 a year ago.
For the nine months, sales was TWD 6,950.05 million compared to TWD 6,994.89 million a year ago. Net income was TWD 283.92 million compared to TWD 468.81 million a year ago. Basic earnings per share from continuing operations was TWD 3.32 compared to TWD 5.48 a year ago. Diluted earnings per share from continuing operations was TWD 3.31 compared to TWD 5.47 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.