Right Way Industrial Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Right Way Industrial Co.,Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 308.83 million compared to TWD 243.4 million a year ago. Revenue was TWD 308.83 million compared to TWD 243.4 million a year ago. Net income was TWD 17.89 million compared to net loss of TWD 11.01 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to basic loss per share from continuing operations of TWD 0.07 a year ago. Diluted earnings per share from continuing operations was TWD 0.08 compared to diluted loss per share from continuing operations of TWD 0.07 a year ago. Basic earnings per share was TWD 0.08 compared to basic loss per share of TWD 0.07 a year ago. Diluted earnings per share was TWD 0.08 compared to diluted loss per share of TWD 0.07 a year ago.
For the six months, sales was TWD 592.27 million compared to TWD 499.12 million a year ago. Revenue was TWD 592.27 million compared to TWD 499.12 million a year ago. Net income was TWD 28.92 million compared to net loss of TWD 18.79 million a year ago. Basic earnings per share from continuing operations was TWD 0.13 compared to basic loss per share from continuing operations of TWD 0.17 a year ago. Diluted earnings per share from continuing operations was TWD 0.13 compared to diluted loss per share from continuing operations of TWD 0.17 a year ago. Basic earnings per share was TWD 0.13 compared to basic loss per share of TWD 0.12 a year ago. Diluted earnings per share was TWD 0.13 compared to diluted loss per share of TWD 0.12 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.