Magnate Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 05, 2020 at 03:26 pm
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Magnate Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 227.447 million compared to TWD 410.947 million a year ago. Operating loss was TWD 44.535 million compared to operating Income of TWD 26.423 million a year ago. Net loss was TWD 25.491 million compared to net income of TWD 21.934 million a year ago. Basic loss per share was TWD 0.37 compared to basic earnings per share of TWD 0.32 a year ago. Diluted loss per share was TWD 0.37 compared to diluted earnings per share of TWD 0.27 a year ago. For the half year, sales was TWD 537.731 million compared to TWD 769.494 million a year ago. Operating loss was TWD 60.561 million compared to operating Income of TWD 38.119 million a year ago. Net loss was TWD 33.261 million compared to net income of TWD 33.769 million a year ago. Basic loss per share was TWD 0.48 compared to basic earnings per share of TWD 0.49 a year ago. Diluted loss per share was TWD 0.48 compared to diluted earnings per share of TWD 0.41 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. 
