STL Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 06:51 pm
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STL Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 284.43 million compared to TWD 834.38 million a year ago. Net loss was TWD 35.2 million compared to net income of TWD 102.7 million a year ago. Basic loss per share from continuing operations was TWD 0.55 compared to basic earnings per share from continuing operations of TWD 1.61 a year ago. Diluted loss per share from continuing operations was TWD 0.55 compared to diluted earnings per share from continuing operations of TWD 1.59 a year ago.
For the nine months, sales was TWD 1,465.23 million compared to TWD 2,095.41 million a year ago. Net income was TWD 44.1 million compared to TWD 173.83 million a year ago. Basic earnings per share from continuing operations was TWD 0.68 compared to TWD 2.72 a year ago. Diluted earnings per share from continuing operations was TWD 0.68 compared to TWD 2.69 a year ago.
STL Technology Co., Ltd. is principally engaged in the manufacture and distribution of lithium battery modules. The Companyâs lithium battery module products are applied to computer, communication and consumer electronics (3C) products, such as notebook computers, tablet computers and modems, as well as handheld machine tools, electric bicycles, electric motorcycles and vehicles, medical equipment and other products. The Company distributes its products in domestic market and to overseas markets, including the rest of Asia, the Americas and Europe.