Heungkuk Metaltech Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021 at 11:52 pm
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Heungkuk Metaltech Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net income was KRW 2,441.09 million compared to KRW 2,899.17 million a year ago. Basic earnings per share from continuing operations was KRW 211 compared to KRW 246 a year ago. Basic earnings per share was KRW 211 compared to KRW 246 a year ago.
For the nine months, net income was KRW 9,977.58 million compared to KRW 9,007.78 million a year ago. Basic earnings per share from continuing operations was KRW 864 compared to KRW 751 a year ago. Basic earnings per share was KRW 864 compared to KRW 751 a year ago.
HEUNGKUK METALTECH CO., LTD. is a Korea-based company mainly engaged in the manufacture of industrial parts for construction and heavy equipment. The Company's product portfolio mainly consists of construction equipment parts and forging products. The construction equipment parts consist of carrier rollers, track rollers, track link products, idler assy accessories, sprockets, floating seals and others, which are used for excavators, bulldozers, cranes and others. The forging products consist of components for construction machineries and automobiles, such as gears, upper roller flanges and lower roller flanges, yokes, rack pistons, knuckle pulley spiders, gear shafts, crank shafts and others.