Hong Tai Electric Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022 at 04:20 am
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Hong Tai Electric Industrial Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 1,414.82 million compared to TWD 1,616.07 million a year ago. Net income was TWD 27.3 million compared to TWD 180.63 million a year ago. Basic earnings per share from continuing operations was TWD 0.09 compared to TWD 0.57 a year ago.
For the six months, sales was TWD 3,071.33 million compared to TWD 3,075.24 million a year ago. Net income was TWD 140.7 million compared to TWD 358.93 million a year ago. Basic earnings per share from continuing operations was TWD 0.45 compared to TWD 1.14 a year ago.
HONG TAI ELECTRIC INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of wire and cable products. The products of the Company include power cables, polyvinyl chloride insulated wires and cables, fire-resistant and heat-resistant cables, control cables, termite resistant cables, bare copper wires, rubber wires and cables, flame-retardant cables, prefabricated branch cables, rodent control cables, smart cables, surveillance system products, access control system products, smart home system products, copper foil substrates and adhesive sheets. The Company operates businesses in domestic and overseas markets.