Bestec Power Electronics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 06:48 pm EDT
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Bestec Power Electronics Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 62.142 million compared to TWD 111.680 million a year ago. Operating loss was TWD 19.587 million compared to TWD 43.785 million a year ago. Net loss was TWD 24.144 million compared to TWD 41.035 million a year ago. Basic loss per share was TWD 0.24 compared to TWD 0.42 a year ago.
BESTEC POWER ELECTRONICS CO., LTD is a Taiwan-based company principally engaged in the research, development, manufacture and sales of power converters and power supplies. The Company's main products include switching power supplies, switching direct current (DC) power supply equipment systems, DC power converters, related materials and others. The Company's products are mainly used in computers, consumer electronics, communications, industrial and test equipment, national defense and aerospace. The Company distributes its products in domestic market and to overseas markets.