Magnate Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2018
March 24, 2019 at 04:18 pm
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Magnate Technology Co., Ltd. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was TWD 1,438.351 million compared to TWD 1,119.469 million a year ago. Operating income was TWD 94.765 million compared to operating loss of TWD 53.732 million a year ago. Net income was TWD 120.075 million compared to net loss of TWD 64.620 million a year ago. Basic earnings per share was TWD 2.01 compared to basic loss per share of TWD 1.19 a year ago. Diluted earnings per share was TWD 1.63 compared to diluted loss per share of TWD 1.19 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.