Triangle Tyre Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 06:20 am
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Triangle Tyre Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,850.97 million compared to CNY 2,271.4 million a year ago. Revenue was CNY 1,850.97 million compared to CNY 2,271.4 million a year ago. Net income was CNY 58.42 million compared to CNY 193.34 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.24 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.24 a year ago.
TRIANGLE TYRE CO., LTD is a China-based company and mainly engaged in research and development, manufacture and sales of tire. The main products of the company are high-performance tires for commercial vehicles, tires for passenger car, oblique engineering tires, meridian project tires and meridian project giant tires. Meanwhile, the Company also provides original equipment manufacture service for clients. The Company distributes its products in domestic and to overseas markets.