Right Way Industrial Co., Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 13, 2018 at 07:39 am EST
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Right Way Industrial Co. Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was TWD 293.366 million compared to TWD 321.035 million a year ago. Operating loss was TWD 26.666 million compared to TWD 12.466 million a year ago. Net income was TWD 18.194 million compared to net loss of TWD 16.012 million a year ago. Basic earnings per share was TWD 0.15 compared to basic loss per share of TWD 0.13 a year ago. For the nine months, sales was TWD 918.093 million compared to TWD 1,019.732 million a year ago. Operating loss was TWD 82.390 million compared to TWD 148,000 a year ago. Net income was TWD 1.597 million compared to TWD 6.212 million a year ago. Basic earnings per share was TWD 0.01 compared to TWD 0.05 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 
