C.T.I. Traffic Industries Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:35 am
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C.T.I. Traffic Industries Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 133.22 million compared to TWD 108.64 million a year ago. Net income was TWD 19.61 million compared to TWD 129.29 million a year ago. Basic earnings per share from continuing operations was TWD 0.4168 compared to TWD 2.8735 a year ago. Diluted earnings per share from continuing operations was TWD 0.3725 compared to TWD 2.8646 a year ago.
For the six months, sales was TWD 244.95 million compared to TWD 226.93 million a year ago. Net income was TWD 32.68 million compared to TWD 129.99 million a year ago. Basic earnings per share from continuing operations was TWD 0.7095 compared to TWD 2.8912 a year ago. Diluted earnings per share from continuing operations was TWD 0.6031 compared to TWD 2.8824 a year ago.
C.T.I. Traffic Industries CO., LTD is a Taiwan-based company principally engaged in the manufacture and sales of piston rings and automobile parts. The Company's piston rings include compression rings, chrome plated keystone-type piston rings, steel oil-retaining rings, chrome plated blooming piston rings, nitrides piston rings, and nitrides blooming piston rings, among others. The piston rings are applied in automobiles. Its automobile parts include engine repair kits, automobile lamps, engine parts, brake system parts, timing belt parts and other accessories. The Company distributes its products in domestic market and to overseas markets, including the Americas, Europe, Africa and the rest of Asia.
C.T.I. TRAFFIC INDUSTRIES CO., LTD. 
