Lumax International Corp., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 22, 2021 at 05:03 pm EDT
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Lumax International Corp., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 5,934.549 million compared to TWD 6,257.649 million a year ago. Operating income was TWD 959.697 million compared to TWD 910.597 million a year ago. Net income was TWD 744.132 million compared to TWD 717.635 million a year ago. Basic earnings per share from continuing operations was TWD 6.96 compared to TWD 6.72 a year ago. Diluted earnings per share from continuing operations was TWD 6.88 compared to TWD 6.66 a year ago.
Lumax International Corp Ltd is a Taiwan-based company mainly engaged in the distribution of electronic and telecommunication components and materials, the sale and purchase of program-controlled instruments, and system integration engineering services. The Company operates mainly through the Program Control Instrumentation segment, Program Control Systems segment, Communication and Linear Transmission Systems segment, Electronic Components segment, and Other Program Control business segment. Electronic and communication components and materials are sold to domestic and foreign electronic product manufacturers and traders in the same industry. Program-controlled instrument sales and system integration engineering services mainly provide domestic state-owned enterprises and private enterprises with the business of program-controlled instruments needed to reduce process variation.