Min Aik Precision Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 06, 2020 at 04:50 pm EDT
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Min Aik Precision Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 456.560 million compared to TWD 468.490 million a year ago. Net loss was TWD 1.745 million compared to net income of TWD 4.289 million a year ago. Basic loss per share was TWD 0.02 compared to basic earnings per share of TWD 0.06 a year ago. For the half year, total revenue was TWD 848.543 million compared to TWD 852.196 million a year ago. Net loss was TWD 27.309 million compared to TWD 22.290 million a year ago. Basic loss per share was TWD 0.35 compared to TWD 0.29 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.