C.T.I. Traffic Industries Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 09:49 am EST
Share
C.T.I. Traffic Industries Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 126.681 million compared to TWD 143.688 million a year ago. Operating loss was TWD 7.272 million compared to operating Income of TWD 4.518 million a year ago. Net loss was TWD 5.553 million compared to net income of TWD 4.469 million a year ago. Basic loss per share was TWD 0.14 compared to basic earnings per share of TWD 0.11 a year ago. For the nine months, sales was TWD 383.273 million compared to TWD 418.164 million a year ago. Operating loss was TWD 6.942 million compared to operating Income of TWD 7.826 million a year ago. Net income was TWD 174,000 compared to TWD 7.755 million a year ago. Basic eps was TWD 0 compared to TWD 0.2 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. 
