Solteam Electronics Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 02:48 pm EDT
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Solteam Electronics Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,025.304 million compared to TWD 1,068.397 million a year ago. Operating income was TWD 84.775 million compared to TWD 44.088 million a year ago. Net income was TWD 83.716 million compared to TWD 35.218 million a year ago. Basic earnings per share was TWD 1.2 compared to TWD 0.5 a year ago. For the half year, sales was TWD 1,884.649 million compared to TWD 2,062.921 million a year ago. Operating income was TWD 100.034 million compared to TWD 67.433 million a year ago. Net income was TWD 95.031 million compared to TWD 58.093 million a year ago. Basic earnings per share was TWD 1.36 compared to TWD 0.83 a year ago.
Solteam Inc is a Taiwan-based company mainly engaged in the development, manufacture and sale of electronic control devices and frequency conversion controllers. The Company's main products are electronic control devices and frequency conversion controllers. Electronic control devices are mainly used in televisions, tablet computers, notebook computers, mobile phones and digital cameras, game consoles, white goods, electric hand tool products, automobiles and other industrial products. Frequency conversion controllers are mainly used in white goods, electric hand tools, high-voltage connector products which applied to steam locomotives and energy storage industries and other industrial applications. The company distributes its products in domestic and overseas markets.
SOLTEAM INCORPORATION 
