Solteam Electronics Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 12:55 pm EST
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Solteam Electronics Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,230.477 million compared to TWD 1,067.165 million a year ago. Net income was TWD 120.499 million compared to TWD 54.224 million a year ago. Basic earnings per share was TWD 1.73 compared to TWD 0.78 a year ago. Diluted earnings per share was TWD 1.72 compared to TWD 0.77 a year ago. For the nine months, sales was TWD 3,115.126 million compared to TWD 3,130.086 million a year ago. Net income was TWD 215.530 million compared to TWD 112.317 million a year ago. Basic earnings per share was TWD 3.09 compared to TWD 1.61 a year ago. Diluted earnings per share was TWD 3.06 compared to TWD 1.6 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 
