Higher Way Electronic Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 11:28 pm
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Higher Way Electronic Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 375.119 million compared to TWD 250.431 million a year ago. Operating income was TWD 9.880 million compared to operating loss of TWD 1.568 million a year ago. Net income was TWD 5.522 million compared to net loss of TWD 4.419 million a year ago. Basic earnings per share was TWD 0.17 compared to basic loss per share of TWD 0.13 a year ago. For the nine months, sales was TWD 776.333 million compared to TWD 700.535 million a year ago. Operating loss was TWD 460,000 compared to TWD 831,000 a year ago. Net loss was TWD 12.805 million compared to TWD 5.956 million a year ago. Basic loss per share was TWD 0.38 compared to TWD 0.18 a year ago.
HIGHER WAY ELECTRONIC CO., LTD. is a Taiwan-based company principally engaged in the design, manufacture and distribution of integrated circuits (ICs). The Company's primary products include multimedia controllers ICs, speech and music ICs, memory devices ICs, liquid crystal display (LCD) controllers ICs, single-chip microcontrollers ICs and optoelectronic devices. The Company's products are mainly used in electronic keyboards, Web cameras, moving picture experts group layer-3 audio (MP3) players, television (TV) games, electronic learning aids (ELAs), electronic books, personal stereos, handheld game machines and electronic dictionaries. The Company mainly distributes its products within the domestic market and to overseas markets.
HIGHER WAY ELECTRONIC CO., LTD. 
