C.T.I. Traffic Industries Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 04:53 pm EDT
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C.T.I. Traffic Industries Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 108.64 million compared to TWD 149.97 million a year ago. Net income was TWD 129.29 million compared to TWD 1.79 million a year ago. Basic earnings per share was TWD 3.24 compared to TWD 0.04 a year ago. Diluted earnings per share was TWD 3.23 compared to TWD 0.04 a year ago.
For the six months, sales was TWD 226.93 million compared to TWD 297.46 million a year ago. Net income was TWD 129.99 million compared to TWD 0.596 million a year ago. Basic earnings per share was TWD 3.26 compared to TWD 0.01 a year ago. Diluted earnings per share was TWD 3.25 compared to TWD 0.01 a year ago.
C.T.I. Traffic Industries CO., LTD is a Taiwan-based company principally engaged in the manufacture and sales of piston rings and automobile parts. The Company's piston rings include compression rings, chrome plated keystone-type piston rings, steel oil-retaining rings, chrome plated blooming piston rings, nitrides piston rings, and nitrides blooming piston rings, among others. The piston rings are applied in automobiles. Its automobile parts include engine repair kits, automobile lamps, engine parts, brake system parts, timing belt parts and other accessories. The Company distributes its products in domestic market and to overseas markets, including the Americas, Europe, Africa and the rest of Asia.
C.T.I. TRAFFIC INDUSTRIES CO., LTD. 
