Magnate Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 06, 2020 at 09:14 pm
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Magnate Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 310.284 million compared to TWD 358.547 million a year ago. Operating loss was TWD 16.026 million compared to operating Income of TWD 11.696 million a year ago. Net loss was TWD 7.770 million compared to net income of TWD 11.835 million a year ago. Basic loss per share was TWD 0.11 compared to basic earnings per share of TWD 0.17 a year ago. Diluted loss per share was TWD 0.11 compared to diluted earnings per share of TWD 0.14 a year ago.
Magnate Technology Co., Ltd is a Taiwan-based company principally engaged in the processing, manufacture and sales of aircraft components, mechanical equipment components and general instrument components. The main products include aero engine casing, turbine hangers & nozzles, aircraft landing gear components, flight control actuation system, hydraulic system precision components products and aircraft body structure precision components products, as well as beverages, food and medicine sterile filling packaging machine, optoelectronic semiconductor equipment components, among others. The Company mainly provides its products in Taiwan, Japan and other regions.