Lung Hwa Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022
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Lung Hwa Electronics 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 22.21 million compared to TWD 3.44 million a year ago. Net loss was TWD 41.02 million compared to TWD 57.34 million a year ago. Basic loss per share from continuing operations was TWD 1.21 compared to TWD 2.29 a year ago.
For the six months, sales was TWD 36.73 million compared to TWD 8.74 million a year ago. Net loss was TWD 86.11 million compared to TWD 115.23 million a year ago. Basic loss per share from continuing operations was TWD 2.53 compared to TWD 5.22 a year ago.
Lung Hwa Electronics Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture, processing and distribution of system hosts. The Company mainly provides intelligent home portal security control systems, vehicle multimedia management systems, fleet operation controlling and management systems, and vehicle-based Free-Wireless Fidelity (WIFI) management systems. The Company distributes its products in Taiwan.