Magnate Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 06, 2022 at 03:19 am IST
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Magnate Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 304.05 million compared to TWD 214.74 million a year ago. Net income was TWD 18.53 million compared to net loss of TWD 31.16 million a year ago. Basic earnings per share from continuing operations was TWD 0.27 compared to basic loss per share from continuing operations of TWD 0.46 a year ago. Diluted earnings per share from continuing operations was TWD 0.27 compared to diluted loss per share from continuing operations of TWD 0.46 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. 
