Daechang Forging Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 12:21 am
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Daechang Forging 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 KRW 2,732.87 million compared to KRW 2,284.55 million a year ago. Net income was KRW 11,726.36 million compared to KRW 5,606.28 million a year ago. Basic earnings per share from continuing operations was KRW 453 compared to KRW 216 a year ago. Basic earnings per share was KRW 453 compared to KRW 216 a year ago.
For the nine months, sales was KRW 11,108.38 million compared to KRW 6,510.71 million a year ago. Net income was KRW 31,484.36 million compared to KRW 18,659.47 million a year ago. Basic earnings per share from continuing operations was KRW 1,216 compared to KRW 720 a year ago. Basic earnings per share was KRW 1,216 compared to KRW 720 a year ago.
DaeChang Forging Co., LTD. is a Korea-based company engaged in the manufacture of heavy machinery components and automobile parts. Its heavy machinery components include links, roller assemblies, track shoes, track chains, seals, pins, bushings, bolts and nuts, which are used for excavators, tractors and other heavy equipment. It also produces crank shafts used in engine parts of automobiles. The Company distributes its products within domestic market and to overseas markets.
DAECHANG FORGING CO., LTD. 