Patec Precision Industry Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 09:27 am IST
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Patec Precision Industry Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 485.86 million compared to TWD 365.27 million a year ago. Net income was TWD 33.03 million compared to TWD 13.84 million a year ago. Basic earnings per share from continuing operations was TWD 0.72 compared to TWD 0.3 a year ago. Diluted earnings per share from continuing operations was TWD 0.7 compared to TWD 0.3 a year ago.
For the nine months, sales was TWD 1,302.55 million compared to TWD 1,026.48 million a year ago. Net income was TWD 79.09 million compared to TWD 43.08 million a year ago. Basic earnings per share from continuing operations was TWD 1.73 compared to TWD 0.94 a year ago. Diluted earnings per share from continuing operations was TWD 1.71 compared to TWD 0.94 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.