Higher Way Electronic Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 11, 2019 at 05:18 pm EDT
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Higher Way Electronic Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 261.426 million compared to TWD 248.536 million a year ago. Operating income was TWD 3.678 million compared to TWD 1.096 million a year ago. Net income was TWD 2.062 million compared to TWD 10.785 million a year ago. Basic earnings per share was TWD 0.06 compared to TWD 0.32 a year ago. For the half year, sales was TWD 450.104 million compared to TWD 432.351 million a year ago. Operating income was TWD 737,000 compared to operating loss of TWD 8.757 million a year ago. Net loss was TWD 1.537 million compared to TWD 8.925 million a year ago. Basic loss per share was TWD 0.05 compared to TWD 0.27 a year ago.
HIGHER WAY ELECTRONIC CO., LTD. is a Taiwan-based company principally engaged in the design, manufacture and distribution of integrated circuits (ICs). The Company's primary products include multimedia controllers ICs, speech and music ICs, memory devices ICs, liquid crystal display (LCD) controllers ICs, single-chip microcontrollers ICs and optoelectronic devices. The Company's products are mainly used in electronic keyboards, Web cameras, moving picture experts group layer-3 audio (MP3) players, television (TV) games, electronic learning aids (ELAs), electronic books, personal stereos, handheld game machines and electronic dictionaries. The Company mainly distributes its products within the domestic market and to overseas markets.
HIGHER WAY ELECTRONIC CO., LTD. 
