Hep Tech Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 06, 2018 at 04:28 pm EST
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HEP Tech Co., Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was TWD 157.047 million compared to TWD 184.026 million a year ago. Operating income was TWD 1.682 million compared to TWD 3.050 million a year ago. Net income was TWD 6.240 million compared to TWD 4.118 million a year ago. Basic earnings per share was TWD 0.21 compared to TWD 0.14 a year ago. Diluted earnings per share was TWD 0.2 compared to TWD 0.12 a year ago. For the nine months, sales was TWD 469.756 million compared to TWD 551.804 million a year ago. Operating income was TWD 11.244 million compared to TWD 15.212 million a year ago. Net income was TWD 20.624 million compared to TWD 13.290 million a year ago. Basic earnings per share was TWD 0.68 compared to TWD 0.44 a year ago. Diluted earnings per share was TWD 0.67 compared to TWD 0.39 a year ago.
Hep Tech Co Ltd is a Taiwan-based company principally engaged in the research and development, manufacture, and sale of electric light source driving components. The main products include electronic ballasts, electronic transformers, and light emitting diode (LED) electronic drivers. The products are applied in electric light sources such as halogen lamps, fluorescent lamps, mercury lamps, metal halide lamps, high pressure sodium lamps and LED lamps, and others. The main function of the product is to provide lighting voltage, stable current, or voltage transformation. The Company is also engaged in the sale of finished vehicles, car boutique modification kits and bicycles. The Company distributes its products within Taiwan and overseas markets, including the rest of Asia, Europe, Americas, and others.