Right Way Industrial Co.,Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 04:04 pm EDT
Share
Right Way Industrial Co.,Ltd announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 194.238 million compared to TWD 333.437 million a year ago. Operating loss was TWD 57.337 million compared to TWD 51.899 million a year ago. Net loss was TWD 134.734 million compared to TWD 37.834 million a year ago. Basic loss per share was TWD 0.89 compared to TWD 0.31 a year ago. For the half year, total revenue was TWD 443.917 million compared to TWD 627.851 million a year ago. Operating loss was TWD 117.058 million compared to TWD 94.112 million a year ago. Net loss was TWD 215.652 million compared to TWD 62.186 million a year ago. Basic loss per share was TWD 1.57 compared to TWD 0.51 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 
