Fortune Electric Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Fortune Electric Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 1,670.33 million compared to TWD 1,720.72 million a year ago. Revenue was TWD 2,045.09 million compared to TWD 2,379.24 million a year ago. Net income was TWD 232.68 million compared to TWD 64.37 million a year ago. Basic earnings per share from continuing operations was TWD 0.89 compared to TWD 0.25 a year ago. Diluted earnings per share from continuing operations was TWD 0.89 compared to TWD 0.25 a year ago. Basic earnings per share was TWD 0.89 compared to TWD 0.25 a year ago. Diluted earnings per share was TWD 0.89 compared to TWD 0.25 a year ago.
For the six months, sales was TWD 2,869.42 million compared to TWD 2,530.4 million a year ago. Revenue was TWD 3,440.48 million compared to TWD 3,975.23 million a year ago. Net income was TWD 225.25 million compared to TWD 73.51 million a year ago. Basic earnings per share from continuing operations was TWD 0.86 compared to TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 0.86 compared to TWD 0.28 a year ago. Basic earnings per share was TWD 0.86 compared to TWD 0.28 a year ago. Diluted earnings per share was TWD 0.86 compared to TWD 0.28 a year ago.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.