Lumax International Corp., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 02:34 pm EST
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Lumax International Corp., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,545.606 million compared to TWD 1,660.678 million a year ago. Operating income was TWD 273.212 million compared to TWD 230.001 million a year ago. Net income was TWD 199.261 million compared to TWD 188.579 million a year ago. Basic earnings per share was TWD 1.87 compared to TWD 1.77 a year ago. Diluted earnings per share was TWD 1.85 compared to TWD 1.76 a year ago. For the nine months, sales was TWD 4,436.400 million compared to TWD 4,831.816 million a year ago. Operating income was TWD 688.324 million compared to TWD 766.824 million a year ago. Net income was TWD 546.198 million compared to TWD 628.615 million a year ago. Basic earnings per share was TWD 5.11 compared to TWD 5.88 a year ago. Diluted earnings per share was TWD 5.05 compared to TWD 5.84 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.