TXC Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:28 am EST
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TXC Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,431.73 million compared to TWD 4,103.14 million a year ago. Net income was TWD 852.46 million compared to TWD 878.47 million a year ago. Basic earnings per share from continuing operations was TWD 2.75 compared to TWD 2.84 a year ago. Diluted earnings per share from continuing operations was TWD 2.64 compared to TWD 2.82 a year ago.
For the nine months, sales was TWD 10,162.31 million compared to TWD 11,754.97 million a year ago. Net income was TWD 2,362.9 million compared to TWD 2,430.63 million a year ago. Basic earnings per share from continuing operations was TWD 7.63 compared to TWD 7.85 a year ago. Diluted earnings per share from continuing operations was TWD 7.31 compared to TWD 7.77 a year ago.
TXC Corp is a Taiwan-based company principally engaged in the research, development, design, manufacture and sale of frequency control components and sensing components. The Company mainly operates the quartz component business. The main products include frequency components such as quartz crystals, quartz crystal resonators and quartz crystal oscillators, as well as various sensing components. The products are mainly used in mobile communication devices, information and storage equipment, Internet of Things (IoT), telecommunications equipment, artificial intelligence, medical and automotive electronics markets. The Company operates within the domestic market and to overseas markets, including China mainland, the Americas and Europe.