Quaser Machine Tools, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 10:06 am EDT
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Quaser Machine Tools, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 585.244 million compared to TWD 365.756 million a year ago. Net loss was TWD 61.443 million compared to net income of TWD 15.267 million a year ago. Basic loss per share was TWD 1.12 compared to basic earnings per share of TWD 0.38 a year ago. For the half year, sales was TWD 1,075.196 million compared to TWD 724.941 million a year ago. Net loss was TWD 136.484 million compared to net income of TWD 2.877 million a year ago. Basic loss per share was TWD 2.71 compared to basic earnings per share of TWD 0.07 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. 
