Quaser Machine Tools, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 11, 2019 at 04:32 pm EDT
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Quaser Machine Tools, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 365.756 million compared to TWD 567.898 million a year ago. Operating income was TWD 1.968 million compared to TWD 55.610 million a year ago. Net income was TWD 15.267 million compared to TWD 52.204 million a year ago. Basic earnings per share was TWD 0.38 compared to TWD 1.48 a year ago. For the half year, sales was TWD 724.941 million compared to TWD 979.649 million a year ago. Operating loss was TWD 6.163 million compared to operating Income of TWD 83.556 million a year ago. Net income was TWD 2.877 million compared to TWD 82.110 million a year ago. Basic earnings per share was TWD 0.07 compared to TWD 2.33 a year ago. Diluted earnings per share was TWD 0.07 compared to TWD 2.32 a year ago.
Quaser Machine Tools Inc is a Taiwan-based company engaged in the manufacture and sale of tooling machines. The Company's main products are computer numerical control (CNC) tooling machines and other metal cutting machines. The Company's tooling products are mainly categorized into vertical machining centers, vertical interchangeable table machining centers, five-face machining centers, five-axis machining centers, horizontal machining centers, horizontal elastic manufacturing units, five-face and five-axis elastic manufacturing units, milling and lathe combined machine. The Company's products are used in aerospace industry and other industries. The Company's products are used in the aerospace industry, defense industry, automotive industry, general machinery, metal processing industry and electronics industry. The Company sells its products domestically and internationally.
QUASER MACHINE TOOLS, INC. 
