Solueta Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 02:06 am
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Solueta Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 347.1 million compared to KRW 902.88 million a year ago. Net loss was KRW 1,196.12 million compared to net income of KRW 4,585.9 million a year ago. Basic loss per share from continuing operations was KRW 87 compared to basic earnings per share from continuing operations of KRW 353 a year ago. Diluted loss per share from continuing operations was KRW 87 compared to diluted earnings per share from continuing operations of KRW 353 a year ago. Basic loss per share was KRW 87 compared to basic earnings per share of KRW 353 a year ago.
For the nine months, sales was KRW 1,420.48 million compared to KRW 3,010.52 million a year ago. Net loss was KRW 1,997.41 million compared to net income of KRW 992.21 million a year ago. Basic loss per share from continuing operations was KRW 149 compared to basic earnings per share from continuing operations of KRW 76 a year ago. Diluted loss per share from continuing operations was KRW 149 compared to diluted earnings per share from continuing operations of KRW 76 a year ago. Basic loss per share was KRW 149 compared to basic earnings per share of KRW 76 a year ago.
Dasan Solueta Co Ltd, formerly Solueta Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of automotive parts. The Company operates its business through three segments. The Automobile Parts segment is engaged in the manufacture and sale of products such as anti-vibration rubber, air hose, weather strip and damping bush. The Electromagnetic Wave Shielding Material segment is engaged in the manufacture and sale of products such as conductive tapes, conductive cushions and radio wave absorbers. The Filter segment is engaged in the manufacture and sale of melt blown filters.