Right Way Industrial Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Right Way Industrial Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 281.85 million compared to TWD 200.08 million a year ago. Revenue was TWD 281.85 million compared to TWD 200.08 million a year ago. Net income was TWD 2.49 million compared to net loss of TWD 70.34 million a year ago. Basic loss per share from continuing operations was TWD 0.02 compared to TWD 0.36 a year ago. Diluted loss per share from continuing operations was TWD 0.02 compared to TWD 0.36 a year ago. Basic earnings per share was TWD 0.01 compared to basic loss per share of TWD 0.43 a year ago. Diluted earnings per share was TWD 0.01 compared to diluted loss per share of TWD 0.43 a year ago.
For the nine months, sales was TWD 780.98 million compared to TWD 633.05 million a year ago. Revenue was TWD 780.98 million compared to TWD 633.05 million a year ago. Net loss was TWD 16.3 million compared to TWD 286 million a year ago. Basic loss per share from continuing operations was TWD 0.18 compared to TWD 1.21 a year ago. Diluted loss per share from continuing operations was TWD 0.18 compared to TWD 1.21 a year ago. Basic loss per share was TWD 0.1 compared to TWD 1.96 a year ago. Diluted loss per share was TWD 0.1 compared to TWD 1.96 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 
