Fortune Electric Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 05:23 am EDT
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Fortune Electric 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 3,102.72 million compared to TWD 2,045.09 million a year ago. Revenue was TWD 3,102.72 million compared to TWD 2,045.09 million a year ago. Net income was TWD 543.75 million compared to TWD 232.68 million a year ago. Basic earnings per share from continuing operations was TWD 2.08 compared to TWD 0.89 a year ago. Diluted earnings per share from continuing operations was TWD 2.08 compared to TWD 0.89 a year ago.
For the six months, sales was TWD 4,643.26 million compared to TWD 3,440.48 million a year ago. Revenue was TWD 4,643.26 million compared to TWD 3,440.48 million a year ago. Net income was TWD 749.42 million compared to TWD 225.25 million a year ago. Basic earnings per share from continuing operations was TWD 2.87 compared to TWD 0.86 a year ago. Diluted earnings per share from continuing operations was TWD 2.87 compared to TWD 0.86 a year ago.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.