Finetek Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 01:09 pm
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FineTek Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 280.012 million compared to TWD 278.737 million a year ago. Operating income was TWD 90.961 million compared to TWD 73.079 million a year ago. Net income was TWD 79.039 million compared to TWD 55.631 million a year ago. Basic earnings per share was TWD 1.89 compared to TWD 1.33 a year ago. Diluted earnings per share was TWD 1.88 compared to TWD 1.33 a year ago. For the nine months, sales was TWD 737.558 million compared to TWD 828.642 million a year ago. Operating income was TWD 178.278 million compared to TWD 212.987 million a year ago. Net income was TWD 168.152 million compared to TWD 167.788 million a year ago. Basic earnings per share was TWD 4.01 compared to TWD 4.01 a year ago. Diluted earnings per share was TWD 4 compared to TWD 4 a year ago.
FineTek Co.,Ltd. is a Taiwan-based company principally engaged in provision of automation devices and meters. The Companyâs main products portfolio consists of process automation sensors and electric machine pneumatic control components. Its process automation sensors include point level sensors, level sensors, flow switches, panel meters and others, which are applied for monitoring and control of temperature, pressure, electricity, instrument and meter, liquid, solid, flux and others. Its electric machine pneumatic control components include controllers, pneumatic components, pollution control components and others. The Company distributes its products within domestic market and to overseas markets.