Quaser Machine Tools, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022 at 11:25 pm EDT
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Quaser Machine Tools, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 646.85 million compared to TWD 475.07 million a year ago. Net income was TWD 30.13 million compared to net loss of TWD 12.46 million a year ago. Basic earnings per share from continuing operations was TWD 0.55 compared to basic loss per share from continuing operations of TWD 0.23 a year ago. Diluted earnings per share from continuing operations was TWD 0.55 compared to diluted loss per share from continuing operations of TWD 0.23 a year ago.
For the six months, sales was TWD 1,263.13 million compared to TWD 848.04 million a year ago. Net income was TWD 63.35 million compared to net loss of TWD 71.59 million a year ago. Basic earnings per share from continuing operations was TWD 1.15 compared to basic loss per share from continuing operations of TWD 1.3 a year ago. Diluted earnings per share from continuing operations was TWD 1.15 compared to diluted loss per share from continuing operations of TWD 1.3 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. 
