Right Way Industrial Co.,Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 07:18 am EST
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Right Way Industrial Co.,Ltd announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 200.089 million compared to TWD 303.379 million a year ago. Operating loss was TWD 54.602 million compared to TWD 81.660 million a year ago. Net loss was TWD 70.343 million compared to TWD 105.609 million a year ago. Basic loss per share was TWD 0.43 compared to TWD 0.86 a year ago. For the nine months, sales was TWD 644.006 million compared to TWD 931.230 million a year ago. Operating loss was TWD 171.660 million compared to TWD 175.772 million a year ago. Net loss was TWD 285.995 million compared to TWD 167.795 million a year ago. Basic loss per share was TWD 1.96 compared to TWD 1.37 a year ago.
RIGHT WAY INDUSTRIAL CO., LTD is principally engaged in the manufacture and sale of pistons and forging products. The Company's products include pistons, connecting bars, tie rod ends, ball heads, balance bars, engine brackets, steering components, refrigeration compressor components and out-board engine components, among others. The Company's products are used for automobiles, locomotives, engine equipment and aviation industry. The Company distributes its products within domestic market and to rest of Asian countries.
RIGHT WAY INDUSTRIAL CO.,LTD 
