Meiloon Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 09:47 am
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Meiloon Industrial 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 643.35 million compared to TWD 1,069.84 million a year ago. Net income was TWD 12.66 million compared to net loss of TWD 17.21 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to basic loss per share from continuing operations of TWD 0.1125 a year ago. Diluted earnings per share from continuing operations was TWD 0.08 compared to diluted loss per share from continuing operations of TWD 0.1125 a year ago.
For the six months, sales was TWD 1,027.09 million compared to TWD 2,050.25 million a year ago. Net loss was TWD 37.84 million compared to TWD 25.18 million a year ago. Basic loss per share from continuing operations was TWD 0.24 compared to TWD 0.1625 a year ago. Diluted loss per share from continuing operations was TWD 0.24 compared to TWD 0.1625 a year ago.
Meiloon Industrial Co Ltd is a Taiwan-based company principally engaged in the design, research, development, manufacture and distribution of audio and loudspeakers. The Companyâs principal products include low pitch, mid-frequency and high pitch loudspeakers, car speakers, indoor active and passive speakers, professional outdoor acoustic systems, speakers for consumer electronic products, wireless speakers, car amplifiers, home amplifiers and digital broadcasting systems. The Company mainly distributes its products in American and European markets.