Solomon Technology Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022
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Solomon Technology Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 1,562.83 million compared to TWD 948.3 million a year ago. Net income was TWD 173.49 million compared to TWD 73.74 million a year ago. Basic earnings per share from continuing operations was TWD 1.01 compared to TWD 0.43 a year ago. Diluted earnings per share from continuing operations was TWD 1.01 compared to TWD 0.43 a year ago.
For the six months, sales was TWD 2,903.44 million compared to TWD 1,909.53 million a year ago. Net income was TWD 278.16 million compared to TWD 128.78 million a year ago. Basic earnings per share from continuing operations was TWD 1.62 compared to TWD 0.75 a year ago. Diluted earnings per share from continuing operations was TWD 1.62 compared to TWD 0.75 a year ago.
Solomon Technology Corp is a Taiwan-based company principally engaged in the distribution of generators, automation products, optoelectronic products and electronic components. The power quality business provides diesel generators, ATS automatic transfer switches, parallel systems and electromechanical products. The gas equipment business provides gas internal combustion engine generator sets and spare parts. The automation business provides smart industrial Internet of Things and programmable control systems. The robot application business provides robotic arms, force-sensing grippers, terminal clamping modules, trackless unmanned vehicles. The vision business provides 3D vision robot pick and place system and 2D vision robot pick and place system. The optoelectronic business acts as an agent for the distribution of thin film transistor (TFT) liquid crystal displays (LCD), driver ICs. The component path business provides special-purpose connectors, fuses and electrolytic capacitors.