Bestec Power Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:52 am
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Bestec Power Electronics Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 179.76 million compared to TWD 58.74 million a year ago. Revenue was TWD 179.72 million compared to TWD 58.73 million a year ago. Net income was TWD 60.79 million compared to net loss of TWD 8.33 million a year ago. Basic earnings per share from continuing operations was TWD 1.0131 compared to basic loss per share from continuing operations of TWD 0.0118 a year ago. Diluted earnings per share from continuing operations was TWD 1.0014 compared to diluted loss per share from continuing operations of TWD 0.0118 a year ago. Basic earnings per share was TWD 1.0131 compared to basic loss per share of TWD 0.1414 a year ago. Diluted earnings per share was TWD 1.0014 compared to diluted loss per share of TWD 0.1414 a year ago.
For the six months, sales was TWD 340.39 million compared to TWD 122.15 million a year ago. Revenue was TWD 340.35 million compared to TWD 122.12 million a year ago. Net income was TWD 427.94 million compared to net loss of TWD 28.78 million a year ago. Basic earnings per share from continuing operations was TWD 7.6692 compared to basic loss per share from continuing operations of TWD 0.2238 a year ago. Diluted earnings per share from continuing operations was TWD 7.5396 compared to diluted loss per share from continuing operations of TWD 0.2238 a year ago. Basic earnings per share was TWD 7.1273 compared to basic loss per share of TWD 0.483 a year ago. Diluted earnings per share was TWD 7.0095 compared to diluted loss per share of TWD 0.483 a year ago.
BESTEC POWER ELECTRONICS CO., LTD is a Taiwan-based company principally engaged in the research, development, manufacture and sales of power converters and power supplies. The Company's main products include switching power supplies, switching direct current (DC) power supply equipment systems, DC power converters, related materials and others. The Company's products are mainly used in computers, consumer electronics, communications, industrial and test equipment, national defense and aerospace. The Company distributes its products in domestic market and to overseas markets.