Right Way Industrial Co., Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 02:14 pm EST
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Right Way Industrial Co. Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 303.379 million compared to TWD 293.366 million a year ago. Operating loss was TWD 81.660 million compared to TWD 26.666 million a year ago. Net loss was TWD 105.609 million compared to net income of TWD 18.194 million a year ago. Basic loss per share was TWD 0.86 compared to basic earnings per share of TWD 0.15 a year ago. For the nine months, sales was TWD 931.230 million compared to TWD 918.093 million a year ago. Operating loss was TWD 175.772 million compared to TWD 82.390 million a year ago. Net loss was TWD 167.795 million compared to net income of TWD 1.597 million a year ago. Basic loss per share was TWD 1.37 compared to basic earnings per share of TWD 0.01 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 
