Min Aik Precision Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 03:23 am EDT
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Min Aik Precision Industrial 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 503 million compared to TWD 598.83 million a year ago. Revenue was TWD 503 million compared to TWD 598.83 million a year ago. Net income was TWD 59.08 million compared to TWD 61.84 million a year ago. Basic earnings per share from continuing operations was TWD 0.77 compared to TWD 0.8 a year ago. Diluted earnings per share from continuing operations was TWD 0.76 compared to TWD 0.79 a year ago.
For the nine months, sales was TWD 1,641.47 million compared to TWD 1,704.83 million a year ago. Revenue was TWD 1,641.47 million compared to TWD 1,704.83 million a year ago. Net income was TWD 100.58 million compared to TWD 152.35 million a year ago. Basic earnings per share from continuing operations was TWD 1.31 compared to TWD 1.98 a year ago. Diluted earnings per share from continuing operations was TWD 1.3 compared to TWD 1.96 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. 
