Patec Precision Industry Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 30, 2021
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Patec Precision Industry Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 335.358 million compared to TWD 239.137 million a year ago. Operating income was TWD 38.552 million compared to TWD 9.649 million a year ago. Net income was TWD 20.747 million compared to TWD 20.465 million a year ago. Basic earnings per share was TWD 0.45 compared to TWD 0.46 a year ago. For the half year, sales was TWD 660.462 million compared to TWD 533.429 million a year ago. Operating income was TWD 48.439 million compared to operating loss of TWD 3.862 million a year ago. Net income was TWD 26.181 million compared to TWD 1.742 million a year ago. Basic earnings per share was TWD 0.57 compared to TWD 0.04 a year ago.
Patec Precision Industry Co., Ltd. is a Taiwan-based company mainly engaged in manufacturing and sales of automobile and motorcycle stamping components, as well as stamping production line equipment. The automobile and motorcycle components provide various product categories for locomotive components and automotive safety system components, including locks parts, seat parts, brake disc shock absorbers, flanges and exhaust system hooks, among others. The Company also provides stamping production line equipment, as well as installation work, guide services, repair, maintenance, supply of spare parts and other technical support services.