Patec Precision Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022
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Patec Precision Industry Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 332.19 million compared to TWD 325.1 million a year ago. Net income was TWD 6.74 million compared to TWD 5.43 million a year ago. Basic earnings per share from continuing operations was TWD 0.15 compared to TWD 0.12 a year ago. Diluted earnings per share from continuing operations was TWD 0.15 compared to TWD 0.12 a year ago.
Patec Precision Industry Co., Ltd. is a Taiwan-based company mainly engaged in manufacturing and sales of automobile and motorcycle stamping components, as well as stamping production line equipment. The automobile and motorcycle components provide various product categories for locomotive components and automotive safety system components, including locks parts, seat parts, brake disc shock absorbers, flanges and exhaust system hooks, among others. The Company also provides stamping production line equipment, as well as installation work, guide services, repair, maintenance, supply of spare parts and other technical support services.