Min Aik Precision Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 02:41 pm EST
Share
Min Aik Precision Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 499.409 million compared to TWD 436.911 million a year ago. Operating income was TWD 45.724 million compared to TWD 31.406 million a year ago. Net income was TWD 27.830 million compared to TWD 20.865 million a year ago. Basic earnings per share was TWD 0.36 compared to TWD 0.27 a year ago. For the nine months, sales was TWD 1,356.942 million compared to TWD 1,298.468 million a year ago. Operating income was TWD 39.783 million compared to TWD 22.068 million a year ago. Net income was TWD 521,000 compared to net loss of TWD 1.425 million a year ago. Basic earnings per share was TWD 0.01 compared to basic loss per share of TWD 0.02 a year ago.
Min Aik Precision Industrial Co., Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of electrical components. The Company's products include hard disk drive (HDD) components, other electronic stamping components, plastic components and automated machines, among others. The HDD components include disk clamps, balance weights, covers and others. The other electronic stamping components include heat sinks, heat spreaders, bracket assemblies and stiffeners. The Company distributes its products within domestic market and to overseas markets, including the rest of Asia, the Americas and Europe.
MIN AIK PRECISION INDUSTRIAL CO., LTD. 
