TAI-TECH Advanced Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 07:56 pm
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TAI-TECH Advanced Electronics Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,093.98 million compared to TWD 1,389.5 million a year ago. Net income was TWD 169.62 million compared to TWD 353.33 million a year ago. Basic earnings per share from continuing operations was TWD 1.66 compared to TWD 3.43 a year ago. Diluted earnings per share from continuing operations was TWD 1.66 compared to TWD 3.41 a year ago.
For the six months, sales was TWD 2,269.85 million compared to TWD 2,863.17 million a year ago. Net income was TWD 347.2 million compared to TWD 659.33 million a year ago. Basic earnings per share from continuing operations was TWD 3.4 compared to TWD 6.39 a year ago. Diluted earnings per share from continuing operations was TWD 3.39 compared to TWD 6.35 a year ago.
TAI-TECH Advanced Electronics Co., Ltd. is principally engaged in the manufacturing and distribution of electronic components. The Company primarily provides coil components and chip components. Its coil components include precision coil components, including ferrite precision coil inductors, high frequency precision coil ceramic inductors and others, as well as power inductance components. Its chip components include laminated wafer magnetic beads, multilayer chip inductors, laminated wafer type power inductors, low temperature co-fired ceramic (LTCC) radio frequency components and modules. The Company also provides magnetic materials and other inductor components. The Company distributes its products primarily in Asia, Europe and North America.
TAI-TECH ADVANCED ELECTRONICS CO., LTD. 
