Magnate Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 04, 2020 at 06:19 pm
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Magnate Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 186.297 million compared to TWD 426.699 million a year ago. Operating loss was TWD 49.926 million compared to operating Income of TWD 35.632 million a year ago. Net loss was TWD 31.843 million compared to net income of TWD 28.364 million a year ago. Basic loss per share was TWD 0.47 compared to basic earnings per share of TWD 0.41 a year ago. Diluted loss per share was TWD 0.47 compared to diluted earnings per share of TWD 0.34 a year ago. For the nine months, sales was TWD 724.028 million compared to TWD 1,196.193 million a year ago. Operating loss was TWD 110.487 million compared to operating Income of TWD 73.751 million a year ago. Net loss was TWD 65.104 million compared to net income of TWD 62.133 million a year ago. Basic loss per share was TWD 0.95 compared to basic earnings per share of TWD 0.9 a year ago. Diluted loss per share was TWD 0.95 compared to diluted earnings per share of TWD 0.75 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. 
