Development Advance Solution Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 08:32 pm
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Development Advance Solution Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 95,468.52 million compared to KRW 80,286.43 million a year ago. Net income was KRW 1,408.93 million compared to net loss of KRW 117.86 million a year ago.
Basic earnings per share from continuing operations was KRW 73 compared to basic loss per share from continuing operations of KRW 8 a year ago. Basic earnings per share was KRW 73 compared to basic loss per share of KRW 8 a year ago.
Development Advance Solution Co.,Ltd. is a Korea-based company mainly engaged in the production and sale of road safety facilities. Along with subsidiaries, the Company operates its business through three segments. The Social Overhead Capital (SOC) segment is involved in the manufacturing and sale of road safety facilities. The road safety facilities include general guard rails, high specification guard rails, rigid differential guard rails, steel barriers, open protective fences and sound barrier walls, among others. The Building Material Business segment manufactures and sells deck plates and building materials. The New Renewable Energy Business segment operates the solar power generation facilities.