Eastech Holding Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 25, 2022
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Eastech Holding Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 3,322.91 million compared to TWD 2,504.68 million a year ago. Revenue was TWD 3,322.91 million compared to TWD 2,504.68 million a year ago. Net income was TWD 59.74 million compared to TWD 34.67 million a year ago. Basic earnings per share from continuing operations was TWD 0.98 compared to TWD 0.57 a year ago. Diluted earnings per share from continuing operations was TWD 0.98 compared to TWD 0.57 a year ago. Basic earnings per share was TWD 0.98 compared to TWD 0.57 a year ago. Diluted earnings per share was TWD 0.98 compared to TWD 0.57 a year ago.
For the six months, sales was TWD 5,900.15 million compared to TWD 4,413.21 million a year ago. Revenue was TWD 5,900.15 million compared to TWD 4,413.21 million a year ago. Net income was TWD 60.26 million compared to net loss of TWD 110.37 million a year ago. Basic earnings per share from continuing operations was TWD 0.99 compared to basic loss per share from continuing operations of TWD 1.81 a year ago. Diluted earnings per share from continuing operations was TWD 0.99 compared to diluted loss per share from continuing operations of TWD 1.81 a year ago. Basic earnings per share was TWD 0.99 compared to basic loss per share of TWD 1.81 a year ago. Diluted earnings per share was TWD 0.99 compared to diluted loss per share of TWD 1.81 a year ago.
Eastech Holding Ltd is mainly engaged in the design, manufacture and sale of speakers, speaker systems, audio-visual electronic home entertainment systems and headphones. The Company is also engaged in the research and development of system architecture, new product concepts, innovative products and acoustic technologies. Home audio system products include home theater audio systems, Sound Bars and others. Personal audio system products include mobile wireless speakers, smart speakers, headphones and others. Speaker monomer products include high-end speaker monomers, car speaker monomers, acoustic modules, and others. The Company also provides molds, speaker accessories, plastic parts, semi-finished products and other parts. Products are sold to South Korea, Japan, Sweden, China, Denmark and other regions.