Teco Image Systems Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 12:21 pm EST
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Teco Image Systems Co.,Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 421.335 million compared to TWD 487.950 million a year ago. Operating loss was TWD 7.475 million compared to operating Income of TWD 11.317 million a year ago. Net income was TWD 55.994 million compared to TWD 69.312 million a year ago. Basic earnings per share was TWD 0.5 compared to TWD 0.62 a year ago. For the nine months, sales was TWD 909.337 million compared to TWD 1,319.396 million a year ago. Operating loss was TWD 73.627 million compared to operating Income of TWD 16.447 million a year ago. Net income was TWD 903,000 compared to TWD 70.445 million a year ago. Basic earnings per share was TWD 0.01 compared to TWD 0.63 a year ago.
TECO Image Systems Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture and sales of digital multi-function printers (MFPs) and digital MFP modules. Its MFPs include multifunctional laser plain paper fax machines, network-based multifunctional laser plain paper fax machines and multifunctional digital copiers. The digital MFP module products include automatic document feeder (ADF) modules, scanning modules, charge coupled device (CCD) modules, contact image sensor (CIS) modules, fax kits, controllers and operation panel modules. The Company mainly distributes its products in Asian market.