Magnate Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 17, 2020 at 04:27 pm EDT
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Magnate Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was TWD 1,586.789 million compared to TWD 1,438.351 million a year ago. Operating income was TWD 102.240 million compared to TWD 94.765 million a year ago. Net income was TWD 70.858 million compared to TWD 120.075 million a year ago. Basic earnings per share was TWD 1.02 compared to TWD 2.01 a year ago. Diluted earnings per share was TWD 0.89 compared to TWD 1.63 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. 
