Newmax Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 05:32 pm EDT
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Newmax Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 414.866 million compared to TWD 643.732 million a year ago. Operating loss was TWD 139.259 million compared to operating Income of TWD 81.214 million a year ago. Net loss was TWD 111.543 million compared to net income of TWD 101.490 million a year ago. Basic loss per share was TWD 0.61 compared to basic earnings per share of TWD 0.64 a year ago. Diluted loss per share was TWD 0.61 compared to diluted earnings per share of TWD 0.63 a year ago.
Newmax Technology Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of lens products. The Company's products include lens units for notebook computers and tablets, lenses for mobile phones, game machines, automobiles as well as lenses units for personal computers (PCs) and digital video (DV) cameras, among others. Its products are applied primarily in the manufacture of cameras, mobile phones, computers, telescopes, liquid crystal display (LCD) projectors, digital video disk (DVD) readers, scanners and facsimile machines, among others. The Company distributes its products within domestic market and to overseas markets.