Cincon Electronics Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 06, 2019 at 11:34 am EDT
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Cincon Electronics Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 285.919 million compared to TWD 305.354 million a year ago. Operating income was TWD 30.760 million compared to TWD 41.923 million a year ago. Net income was TWD 27.006 million compared to TWD 33.419 million a year ago. Basic earnings per share was TWD 0.56 compared to TWD 0.69 a year ago. For the half year, sales was TWD 596.181 million compared to TWD 610.602 million a year ago. Operating income was TWD 64.373 million compared to TWD 80.635 million a year ago. Net income was TWD 54.247 million compared to TWD 79.432 million a year ago. Basic earnings per share was TWD 1.13 compared to TWD 1.65 a year ago.
Cincon Electronics Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of power supplies. The Company's products include battery chargers, mobile phone battery converters, switched power supplies, linear power supplies, direct current (DC) converters and alternating current (AC) converters, among others. The Company's products are applied in information and communication products, consumer electronics, medical apparatus, and industrial electronic equipment, as well as military and aircraft industries. The Company distributes its products within Taiwan and China Mainland markets.