Algoltek, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Algoltek, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 160.85 million compared to TWD 100.38 million a year ago. Net income was TWD 40.41 million compared to TWD 15.67 million a year ago. Basic earnings per share from continuing operations was TWD 1.5906 compared to TWD 0.6999 a year ago. Diluted earnings per share from continuing operations was TWD 1.5633 compared to TWD 0.6908 a year ago.
For the nine months, sales was TWD 453.03 million compared to TWD 221.33 million a year ago. Net income was TWD 106.36 million compared to TWD 20.02 million a year ago. Basic earnings per share from continuing operations was TWD 4.4537 compared to TWD 0.8907 a year ago. Diluted earnings per share from continuing operations was TWD 4.3719 compared to TWD 0.8726 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. 