Magnate Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 10, 2019 at 11:20 pm IST
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Magnate Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 426.699 million compared to TWD 403.707 million a year ago. Operating income was TWD 35.632 million compared to TWD 45.160 million a year ago. Net income was TWD 28.364 million compared to TWD 37.766 million a year ago. Basic earnings per share was TWD 0.41 compared to TWD 0.62 a year ago. Diluted earnings per share was TWD 0.34 compared to TWD 0.5 a year ago. For the nine months, sales was TWD 1,196.193 million compared to TWD 1,074.459 million a year ago. Operating income was TWD 73.751 million compared to TWD 74.234 million a year ago. Net income was TWD 62.133 million compared to TWD 95.075 million a year ago. Basic earnings per share was TWD 0.9 compared to TWD 1.68 a year ago. Diluted earnings per share was TWD 0.75 compared to TWD 1.33 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. 
