Magnate Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 18, 2021 at 01:28 am IST
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Magnate Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 902.462 million compared to TWD 1,586.789 million a year ago. Operating loss was TWD 156.536 million compared to operating Income of TWD 102.240 million a year ago. Net loss was TWD 77.141 million compared to net income of TWD 70.858 million a year ago. Basic loss per share was TWD 1.13 compared to basic earnings per share of TWD 1.02 a year ago. Diluted loss per share was TWD 1.13 compared to diluted earnings per share of TWD 0.89 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. 
