Solteam Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:49 am EDT
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Solteam Electronics 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 879.5 million compared to TWD 1,610.95 million a year ago. Net income was TWD 49.48 million compared to TWD 90.72 million a year ago. Basic earnings per share from continuing operations was TWD 0.65 compared to TWD 1.3 a year ago. Diluted earnings per share from continuing operations was TWD 0.63 compared to TWD 1.24 a year ago.
For the six months, sales was TWD 1,703.9 million compared to TWD 3,292.79 million a year ago. Net income was TWD 2.3 million compared to TWD 197.28 million a year ago. Basic earnings per share from continuing operations was TWD 0.03 compared to TWD 2.83 a year ago. Diluted earnings per share from continuing operations was TWD 0.03 compared to TWD 2.68 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 
