Algoltek, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021
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Algoltek, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 155.534 million compared to TWD 84.230 million a year ago. Operating income was TWD 48.096 million compared to TWD 10.853 million a year ago. Net income was TWD 37.769 million compared to TWD 11.974 million a year ago. Basic earnings per share was TWD 1.77 compared to TWD 0.59 a year ago. Diluted earnings per share was TWD 1.74 compared to TWD 0.58 a year ago. For the half year, sales was TWD 292.188 million compared to TWD 120.947 million a year ago. Operating income was TWD 83.527 million compared to TWD 326,000 a year ago. Net income was TWD 65.956 million compared to TWD 4.348 million a year ago. Basic earnings per share was TWD 3.13 compared to TWD 0.21 a year ago. Diluted earnings per share was TWD 3.08 compared to TWD 0.21 a year ago.
ALGOLTEK, INC. is a Taiwan-based company mainly engaged in development and sale of multimedia video conversion control chips and other control chips. The Company's main products are multi-media digital video conversion products based on special application integrated circuit chips, including video graphics array (VGA), high-definition multimedia interface (HDMI), DisplayPort, and Type-C. The products mainly apply for personal computers (PC), notebook computers (NB), displays and related peripheral products, consumer electronics, and multimedia transmission systems. Its main products are divided into two categories. Integrated circuit (IC) chips provide product manufacturer-specific functions. Intellectual property (IP) is designed and verified for integrated circuits that can be reused and have specific functions.
ALGOLTEK, INC. 
