Magnate Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 04, 2021 at 07:22 pm
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Magnate Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 214.735 million compared to TWD 310.284 million a year ago. Operating loss was TWD 51.504 million compared to TWD 16.026 million a year ago. Net loss was TWD 31.161 million compared to TWD 7.770 million a year ago. Basic loss per share was TWD 0.46 compared to TWD 0.11 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.
MAGNATE TECHNOLOGY CO., LTD. 
