Right Way Industrial Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 03:13 am EST
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Right Way Industrial Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 288.47 million compared to TWD 266.27 million a year ago. Net income was TWD 34.39 million compared to TWD 44.16 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to TWD 0.17 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to TWD 0.17 a year ago.
For the nine months, sales was TWD 853.28 million compared to TWD 858.54 million a year ago. Net income was TWD 79.41 million compared to TWD 73.07 million a year ago. Basic earnings per share from continuing operations was TWD 0.27 compared to TWD 0.32 a year ago. Diluted earnings per share from continuing operations was TWD 0.27 compared to TWD 0.32 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 
