Txc Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 03:23 pm EDT
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TXC Corporation announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 2,523.956 million compared to TWD 1,945.301 million a year ago. Operating income was TWD 356.578 million compared to TWD 133.014 million a year ago. Net income was TWD 369.118 million compared to TWD 136.590 million a year ago. Basic earnings per share was TWD 1.19 compared to TWD 0.44 a year ago. For the half year, total revenue was TWD 4,675.138 million compared to TWD 3,568.241 million a year ago. Operating income was TWD 632.690 million compared to TWD 190.849 million a year ago. Net income was TWD 625.976 million compared to TWD 214.319 million a year ago. Basic earnings per share was TWD 2.02 compared to TWD 0.69 a year ago. Diluted earnings per share was TWD 2.01 compared to TWD 0.69 a year ago.
TXC Corp is a Taiwan-based company principally engaged in the research, development, design, manufacture and sale of frequency control components and sensing components. The Company mainly operates the quartz component business. The main products include frequency components such as quartz crystals, quartz crystal resonators and quartz crystal oscillators, as well as various sensing components. The products are mainly used in mobile communication devices, information and storage equipment, Internet of Things (IoT), telecommunications equipment, artificial intelligence, medical and automotive electronics markets. The Company operates within the domestic market and to overseas markets, including China mainland, the Americas and Europe.