Tai-Tech Advanced Electronics Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 17, 2020 at 10:30 pm
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TAI-TECH Advanced Electronics Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,230.919 million compared to TWD 894.655 million a year ago. Operating income was TWD 251.242 million compared to TWD 140.852 million a year ago. Net income was TWD 186.853 million compared to TWD 126.705 million a year ago. Basic earnings per share was TWD 2.05 compared to TWD 1.39 a year ago. For the nine months, sales was TWD 3,269.866 million compared to TWD 2,390.225 million a year ago. Operating income was TWD 663.718 million compared to TWD 321.641 million a year ago. Net income was TWD 560.083 million compared to TWD 283.458 million a year ago. Basic earnings per share was TWD 6.15 compared to TWD 3.11 a year ago. Diluted earnings per share was TWD 6.1 compared to TWD 3.08 a year ago.
TAI-TECH Advanced Electronics Co., Ltd. is principally engaged in the manufacturing and distribution of electronic components. The Company primarily provides coil components and chip components. Its coil components include precision coil components, including ferrite precision coil inductors, high frequency precision coil ceramic inductors and others, as well as power inductance components. Its chip components include laminated wafer magnetic beads, multilayer chip inductors, laminated wafer type power inductors, low temperature co-fired ceramic (LTCC) radio frequency components and modules. The Company also provides magnetic materials and other inductor components. The Company distributes its products primarily in Asia, Europe and North America.
TAI-TECH ADVANCED ELECTRONICS CO., LTD. 
