Patec Precision Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 03:30 pm EDT
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Patec Precision Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 325.104 million compared to TWD 294.292 million a year ago. Operating income was TWD 9.887 million compared to operating loss of TWD 13.511 million a year ago. Net income was TWD 5.434 million compared to net loss of TWD 18.723 million a year ago. Basic earnings per share was TWD 0.12 compared to basic loss per share of TWD 0.42 a year ago.
Patec Precision Industry Co., Ltd. is a Taiwan-based company mainly engaged in manufacturing and sales of automobile and motorcycle stamping components, as well as stamping production line equipment. The automobile and motorcycle components provide various product categories for locomotive components and automotive safety system components, including locks parts, seat parts, brake disc shock absorbers, flanges and exhaust system hooks, among others. The Company also provides stamping production line equipment, as well as installation work, guide services, repair, maintenance, supply of spare parts and other technical support services.
PATEC PRECISION INDUSTRY CO., LTD. 
