Fortune Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 10:45 pm
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Fortune Electric Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 1,676.712 million compared to TWD 1,231.827 million a year ago. Operating income was TWD 5.146 million compared to TWD 57.785 million a year ago. Net income was TWD 4.016 million compared to TWD 145.435 million a year ago. Basic earnings per share was TWD 0.02 compared to TWD 0.56 a year ago.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.