Magnate Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 08, 2019 at 07:48 pm
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Magnate Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 410.947 million compared to TWD 361.708 million a year ago. Operating income was TWD 26.423 million compared to TWD 28.932 million a year ago. Net income was TWD 21.934 million compared to TWD 40.958 million a year ago. Basic earnings per share was TWD 0.32 compared to TWD 0.76 a year ago. Diluted earnings per share was TWD 0.27 compared to TWD 0.58 a year ago. For the half year, sales was TWD 769.494 million compared to TWD 670.752 million a year ago. Operating income was TWD 38.119 million compared to TWD 29.074 million a year ago. Net income was TWD 33.769 million compared to TWD 57.309 million a year ago. Basic earnings per share was TWD 0.49 compared to TWD 1.06 a year ago. Diluted earnings per share was TWD 0.41 compared to TWD 0.83 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. 
