Magnate Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 05:19 pm
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Magnate Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 395.33 million compared to TWD 276.99 million a year ago. Net income was TWD 50.72 million compared to TWD 22.53 million a year ago. Basic earnings per share from continuing operations was TWD 0.75 compared to TWD 0.33 a year ago. Diluted earnings per share from continuing operations was TWD 0.75 compared to TWD 0.31 a year ago.
For the nine months, sales was TWD 1,041.16 million compared to TWD 761.34 million a year ago. Net income was TWD 101 million compared to net loss of TWD 12.64 million a year ago. Basic earnings per share from continuing operations was TWD 1.49 compared to basic loss per share from continuing operations of TWD 0.19 a year ago. Diluted earnings per share from continuing operations was TWD 1.49 compared to diluted loss per share from continuing operations of TWD 0.19 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.
MAGNATE TECHNOLOGY CO., LTD. 
