HEP Tech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 14, 2024 at 08:28 am
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HEP Tech Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was TWD 99.88 million compared to TWD 157.51 million a year ago. Net loss was TWD 44.27 million compared to TWD 37.06 million a year ago.
Basic loss per share from continuing operations was TWD 1.25 compared to TWD 1.05 a year ago. Diluted loss per share from continuing operations was TWD 1.25 compared to TWD 1.05 a year ago.
Hep Tech Co Ltd is a Taiwan-based company principally engaged in the research and development, manufacture, and sale of electric light source driving components. The main products include electronic ballasts, electronic transformers, and light emitting diode (LED) electronic drivers. The products are applied in electric light sources such as halogen lamps, fluorescent lamps, mercury lamps, metal halide lamps, high pressure sodium lamps and LED lamps, and others. The main function of the product is to provide lighting voltage, stable current, or voltage transformation. The Company is also engaged in the sale of finished vehicles, car boutique modification kits and bicycles. The Company distributes its products within Taiwan and overseas markets, including the rest of Asia, Europe, Americas, and others.