Magnate Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 08, 2018 at 07:17 pm
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Magnate Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was TWD 403.707 million compared to TWD 286.810 million a year ago. Operating income was TWD 45.160 million compared to operating loss of TWD 12.824 million a year ago. Net income was TWD 37.766 million compared to net loss of TWD 14.705 million a year ago. Basic earnings per share was TWD 0.62 compared to basic loss per share of TWD 0.27 a year ago. Diluted earnings per share was TWD 0.50 compared to diluted loss per share of TWD 0.27 a year ago.
For the nine months, sales was TWD 1,074.459 million compared to TWD 828.646 million a year ago. Operating income was TWD 74.234 million compared to operating loss of TWD 36.046 million a year ago. Net income was TWD 95.075 million compared to net loss of TWD 46.738 million a year ago. Basic earnings per share was TWD 1.68 compared to basic loss per share of TWD 0.86 a year ago. Diluted earnings per share was TWD 1.33 compared to diluted loss per share of TWD 0.86 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. 
