V-Tac Technology Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 12:09 pm EST
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V-TAC Technology Co.,Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 519.831 million compared to TWD 437.004 million a year ago. Operating income was TWD 22.430 million compared to TWD 6.815 million a year ago. Net income was TWD 18.307 million compared to TWD 27.107 million a year ago. Basic earnings per share was TWD 0.51 compared to TWD 0.75 a year ago. Diluted earnings per share was TWD 0.51 compared to TWD 0.74 a year ago. For the nine months, sales was TWD 1,157.020 million compared to TWD 1,168.421 million a year ago. Operating income was TWD 16.966 million compared to operating loss of TWD 1.185 million a year ago. Net income was TWD 19.143 million compared to TWD 25.174 million a year ago. Basic earnings per share was TWD 0.53 compared to TWD 0.7 a year ago. Diluted earnings per share was TWD 0.53 compared to TWD 0.69 a year ago.
V-TAC TECHNOLOGY CO.,LTD. is a Taiwan-based company principally engaged in the design, manufacture and sales of integrated circuit (IC) firmware applications. The Company's main products include image and video IC application products, microprocessor IC application products, voice control IC application products and memory IC application products. The Company's products are mainly used in consumer electronics. The Company distributes its products in domestic market to overseas markets.