Solteam Electronics Co., Ltd. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 12, 2018 at 02:41 pm
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Solteam Electronics Co., Ltd. announced earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced total operating revenue was TWD 975.690 million compared to TWD 1,006.277 million a year ago. Net operating income was TWD 45.200 million compared to TWD 54.070 million a year ago. Profit from continuing operations before tax was TWD 37.841 million compared to TWD 59.937 million a year ago. Profit from continuing operations was TWD 29.868 million compared to TWD 50.179 million a year ago. Net income attributable to owners of parent was TWD 30.802 million compared to TWD 51.132 million a year ago. Diluted earnings per share was TWD 0.44 compared to TWD 0.74 a year ago. Basic earnings per share from continuing operations were TWD 0.44 compared to TWD 0.77 a year ago.
For the nine months, total operating revenue was TWD 3,000.211 million compared to TWD 2,799.071 million a year ago. Net operating income was TWD 116.462 million compared to TWD 161.860 million a year ago. Profit from continuing operations before tax was TWD 113.670 million compared to TWD 150.283 million a year ago. Profit from continuing operations was TWD 96.189 million compared to TWD 126.932 million a year ago. Net income attributable to owners of parent was TWD 99.483 million compared to TWD 126.234 million a year ago. Diluted earnings per share were TWD 1.42 compared to TWD 1.82 a year ago. Basic earnings per share from continuing operations were TWD 1.43 compared to TWD 1.91 a year ago.
Solteam Inc is a Taiwan-based company mainly engaged in the development, manufacture and sale of electronic control devices and frequency conversion controllers. The Company's main products are electronic control devices and frequency conversion controllers. Electronic control devices are mainly used in televisions, tablet computers, notebook computers, mobile phones and digital cameras, game consoles, white goods, electric hand tool products, automobiles and other industrial products. Frequency conversion controllers are mainly used in white goods, electric hand tools, high-voltage connector products which applied to steam locomotives and energy storage industries and other industrial applications. The company distributes its products in domestic and overseas markets.