Teco Electric & Machinery Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 23, 2021 at 05:46 pm
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TECO Electric & Machinery Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 45,823.430 million compared to TWD 47,909.358 million a year ago. Operating income was TWD 3,534.057 million compared to TWD 3,536.445 million a year ago. Net income was TWD 3,511.358 million compared to TWD 3,221.717 million a year ago. Basic earnings per share was TWD 1.81 compared to TWD 1.65 a year ago.
TECO Electric Machinery Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of heavy electricity equipment and electronic control products. The Company operates through two business segments. The Heavy Electrical Equipment segment is engaged in the manufacture and sale of various motors, reducers, inverters and generators. The Home Appliances segment is engaged in the manufacture, installation and sale of various televisions and other video appliances, as well as air conditioners, refrigerators, washing machines and small household appliances. The Company is also engaged in the provision of power engineering services and power equipment, as well as electric vehicle products, fire pumps and other products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, Australia, Japan, Singapore, Indonesia and mainland China.
TECO ELECTRIC & MACHINERY CO., LTD. 
