C.T.I. Traffic Industries Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 08:28 pm
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C.T.I. Traffic Industries Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 143.31 million compared to TWD 129.85 million a year ago. Net income was TWD 14.5 million compared to net loss of TWD 0.459 million a year ago. Basic earnings per share from continuing operations was TWD 0.3193 compared to basic loss per share from continuing operations of TWD 0.0089 a year ago. Diluted earnings per share from continuing operations was TWD 0.3193 compared to diluted loss per share from continuing operations of TWD 0.0089 a year ago.
For the nine months, sales was TWD 370.24 million compared to TWD 427.32 million a year ago. Net income was TWD 144.49 million compared to TWD 0.137 million a year ago. Basic earnings per share from continuing operations was TWD 3.2105. Diluted earnings per share from continuing operations was TWD 3.2017.
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. 
