Right Way Industrial Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021
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Right Way Industrial Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was TWD 255.725 million compared to TWD 242.845 million a year ago. Operating loss was TWD 10.455 million compared to TWD 41.575 million a year ago. Net loss was TWD 7.780 million compared to TWD 80.918 million a year ago. Basic loss per share was TWD 0.05 compared to TWD 0.66 a year ago. Basic loss per share from continuing operations was TWD 0.1 compared to TWD 0.54 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.