Patec Precision Industry Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 30, 2023 at 12:06 am
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Patec Precision Industry Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 392.2 million compared to TWD 329.03 million a year ago. Net income was TWD 14.08 million compared to TWD 22.51 million a year ago. Basic earnings per share from continuing operations was TWD 0.31 compared to TWD 0.49 a year ago. Diluted earnings per share from continuing operations was TWD 0.31 compared to TWD 0.49 a year ago.
For the six months, sales was TWD 816.69 million compared to TWD 661.22 million a year ago. Net income was TWD 46.07 million compared to TWD 29.24 million a year ago. Basic earnings per share from continuing operations was TWD 1.01 compared to TWD 0.64 a year ago. Diluted earnings per share from continuing operations was TWD 1 compared to TWD 0.64 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.