Hep Tech Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 05:22 pm
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HEP Tech Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 123.694 million compared to TWD 141.355 million a year ago. Operating loss was TWD 7.414 million compared to TWD 1.154 million a year ago. Net loss was TWD 5.421 million compared to TWD 2.326 million a year ago. Basic loss per share was TWD 0.18 compared to TWD 0.08 a year ago. For the nine months, sales was TWD 347.110 million compared to TWD 436.733 million a year ago. Operating loss was TWD 19.310 million compared to TWD 3.755 million a year ago. Net loss was TWD 863,000 compared to net income of TWD 3.141 million a year ago. Basic loss per share was TWD 0.03 compared to basic earnings per share of TWD 0.1 a year ago.
Hep Tech Co., Ltd. is a Taiwan-based company principally engaged in the research and development, manufacture and sales of electric light source driving components. The Company's main products include electronic ballasts, electronic transformers and light emitting diode (LED) drivers. The Company's products are applied in electric light sources such as halogen lamps, fluorescent lamps, mercury lamps, metal halide lamps, high pressure sodium lamps and LED lamps, among others. The Company distributes its products within Taiwan and to overseas markets, including the rest of Asia, Europe and the Americas.
HEP TECH CO., LTD. 
