Quaser Machine Tools, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 03:01 am EDT
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Quaser Machine Tools, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 475.072 million compared to TWD 585.244 million a year ago. Operating loss was TWD 9.349 million compared to TWD 72.513 million a year ago. Net loss was TWD 12.461 million compared to TWD 61.443 million a year ago. Basic loss per share from continuing operations was TWD 0.23 compared to TWD 1.12 a year ago. For the half year, sales was TWD 848.044 million compared to TWD 1,075.196 million a year ago. Operating loss was TWD 60.945 million compared to TWD 149.864 million a year ago. Net loss was TWD 71.587 million compared to TWD 136.484 million a year ago. Basic loss per share from continuing operations was TWD 1.3 compared to TWD 2.71 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. 
