Solteam Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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Solteam Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 869.45 million compared to TWD 1,555.4 million a year ago. Net income was TWD 46.97 million compared to TWD 118.49 million a year ago. Basic earnings per share from continuing operations was TWD 0.62 compared to TWD 1.7 a year ago. Diluted earnings per share from continuing operations was TWD 0.58 compared to TWD 1.6 a year ago.
For the nine months, sales was TWD 2,573.36 million compared to TWD 4,848.19 million a year ago. Net income was TWD 49.27 million compared to TWD 315.77 million a year ago. Basic earnings per share from continuing operations was TWD 0.67 compared to TWD 4.53 a year ago. Diluted earnings per share from continuing operations was TWD 0.64 compared to TWD 4.25 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.