Hwaseung Corporation Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:28 am
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Hwaseung Corporation 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 12,007.62 million compared to KRW 9,985.57 million a year ago. Net income was KRW 11,605.62 million compared to net loss of KRW 8,274.78 million a year ago. Basic earnings per share from continuing operations was KRW 262 compared to basic loss per share from continuing operations of KRW 186 a year ago. Basic earnings per share was KRW 261 compared to basic loss per share of KRW 186 a year ago.
For the nine months, sales was KRW 38,153.82 million compared to KRW 28,348.3 million a year ago. Net income was KRW 8,333.52 million compared to net loss of KRW 13,357.03 million a year ago. Basic earnings per share from continuing operations was KRW 188 compared to basic loss per share from continuing operations of KRW 278 a year ago. Basic earnings per share was KRW 188 compared to basic loss per share of KRW 278 a year ago.
Hwaseung Corporation Co Ltd, formerly HS R & A Co Ltd, is a Korea-based company mainly engaged in the manufacture and sell of industrial rubber products. The Company operates its business through two segments. The Rubber segment mainly engages in manufacturing and selling of rubber products including industrial conveyor belts; industrial hoses and seats; and insect repellents and special materials, among others. The Investment segment engages in the management and investment in shares of subsidiaries and investees.