Cypress Technology Co.,Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021
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Cypress Technology Co.,Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 390.070 million compared to TWD 465.396 million a year ago. Operating income was TWD 59.341 million compared to TWD 60.284 million a year ago. Net income was TWD 49.243 million compared to TWD 23.431 million a year ago. Basic earnings per share from continuing operations was TWD 0.87 compared to TWD 0.45 a year ago. For the half year, total revenue was TWD 759.616 million compared to TWD 981.803 million a year ago. Operating income was TWD 103.262 million compared to TWD 134.383 million a year ago. Net income was TWD 79.342 million compared to TWD 85.915 million a year ago. Basic earnings per share from continuing operations was TWD 1.41 compared to TWD 1.66 a year ago.
CYPRESS TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of professional and intelligent audio-visual products and display products. The professional and intelligent audio-visual products include televisions (TVs) scalers, splitters, switchers, high definition multimedia interface (HDMI) video signal generators and extenders, video effect mixers, TV pattern generators and display port series. The professional and intelligent display products include liquid crystal displays (LCDs) and TV walls. The Company's products are applied in home theaters, conference centers, medical centers, shopping malls and cinemas, among others. The Company distributes its products within domestic market and to overseas markets, including the rest of Asia, the Americas and Europe.