Algoltek, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 03:44 pm
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Algoltek, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 134 million compared to TWD 155.53 million a year ago. Net income was TWD 19.56 million compared to TWD 37.77 million a year ago. Basic earnings per share from continuing operations was TWD 0.73 compared to TWD 1.61 a year ago. Diluted earnings per share from continuing operations was TWD 0.72 compared to TWD 1.58 a year ago. Basic earnings per share was TWD 0.73 compared to TWD 1.61 a year ago. Diluted earnings per share was TWD 0.72 compared to TWD 1.58 a year ago.
For the six months, sales was TWD 293.81 million compared to TWD 292.19 million a year ago. Net income was TWD 55.44 million compared to TWD 65.96 million a year ago. Basic earnings per share from continuing operations was TWD 2.07 compared to TWD 2.85 a year ago. Diluted earnings per share from continuing operations was TWD 2.04 compared to TWD 2.8 a year ago. Basic earnings per share was TWD 2.07 compared to TWD 2.85 a year ago. Diluted earnings per share was TWD 2.04 compared to TWD 2.8 a year ago.
ALGOLTEK, INC. is a Taiwan-based company mainly engaged in development and sale of multimedia video conversion control chips and other control chips. The Company's main products are multi-media digital video conversion products based on special application integrated circuit chips, including video graphics array (VGA), high-definition multimedia interface (HDMI), DisplayPort, and Type-C. The products mainly apply for personal computers (PC), notebook computers (NB), displays and related peripheral products, consumer electronics, and multimedia transmission systems. Its main products are divided into two categories. Integrated circuit (IC) chips provide product manufacturer-specific functions. Intellectual property (IP) is designed and verified for integrated circuits that can be reused and have specific functions.
ALGOLTEK, INC. 