Solteam Electronics Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 07:30 am
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Solteam Electronics Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 1,067.165 million compared to TWD 975.690 million a year ago. Operating income was TWD 63.534 million compared to TWD 45.200 million a year ago. Net income was TWD 54.224 million compared to TWD 30.802 million a year ago. Basic earnings per share was TWD 0.78 compared to TWD 0.44 a year ago. Diluted earnings per share was TWD 0.77 compared to TWD 0.44 a year ago. For the nine months, sales was TWD 3,130.086 million compared to TWD 3,000.211 million a year ago. Operating income was TWD 130.967 million compared to TWD 116.462 million a year ago. Net income was TWD 112.317 million compared to TWD 99.483 million a year ago. Basic earnings per share was TWD 1.61 compared to TWD 1.43 a year ago. Diluted earnings per share was TWD 1.6 compared to TWD 1.42 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.
SOLTEAM INCORPORATION 
