Magnate Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 06:32 pm
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Magnate Technology Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 341.78 million compared to TWD 269.62 million a year ago. Net income was TWD 31.75 million compared to net loss of TWD 4.01 million a year ago. Basic earnings per share from continuing operations was TWD 0.47 compared to basic loss per share from continuing operations of TWD 0.06 a year ago. Diluted earnings per share from continuing operations was TWD 0.47 compared to diluted loss per share from continuing operations of TWD 0.06 a year ago.
For the six months, sales was TWD 645.83 million compared to TWD 484.35 million a year ago. Net income was TWD 50.28 million compared to net loss of TWD 35.17 million a year ago. Basic earnings per share from continuing operations was TWD 0.74 compared to basic loss per share from continuing operations of TWD 0.52 a year ago. Diluted earnings per share from continuing operations was TWD 0.74 compared to diluted loss per share from continuing operations of TWD 0.52 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.