Right Way Industrial Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022
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Right Way Industrial Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 266.27 million compared to TWD 281.85 million a year ago. Net income was TWD 44.16 million compared to TWD 2.49 million a year ago. Basic earnings per share from continuing operations was TWD 0.17 compared to basic loss per share from continuing operations of TWD 0.02 a year ago. Diluted earnings per share from continuing operations was TWD 0.17 compared to diluted loss per share from continuing operations of TWD 0.02 a year ago. Basic earnings per share was TWD 0.17 compared to TWD 0.01 a year ago. Diluted earnings per share was TWD 0.17 compared to TWD 0.01 a year ago.
For the nine months, sales was TWD 858.54 million compared to TWD 780.98 million a year ago. Net income was TWD 73.07 million compared to net loss of TWD 16.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.32 compared to basic loss per share from continuing operations of TWD 0.18 a year ago. Diluted earnings per share from continuing operations was TWD 0.32 compared to diluted loss per share from continuing operations of TWD 0.18 a year ago. Basic earnings per share was TWD 0.32 compared to basic loss per share of TWD 0.1 a year ago. Diluted earnings per share was TWD 0.32 compared to diluted loss per share of TWD 0.1 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.