Lung Hwa Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022
Share
Lung Hwa Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 15.81 million compared to TWD 5.96 million a year ago. Net loss was TWD 47.4 million compared to TWD 47.07 million a year ago. Basic loss per share from continuing operations was TWD 1.26 compared to TWD 1.7 a year ago. Basic loss per share was TWD 1.26 compared to TWD 1.7 a year ago.
For the nine months, sales was TWD 52.54 million compared to TWD 14.7 million a year ago. Net loss was TWD 133.51 million compared to TWD 162.3 million a year ago. Basic loss per share from continuing operations was TWD 3.79 compared to TWD 6.77 a year ago. Basic loss per share was TWD 3.79 compared to TWD 6.77 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.