HYSONIC Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 11:47 pm
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HYSONIC Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 16.45 million compared to KRW 191.73 million a year ago. Net loss was KRW 1,747.32 million compared to net income of KRW 771.79 million a year ago. Basic loss per share from continuing operations was KRW 114 compared to basic earnings per share from continuing operations of KRW 71 a year ago. Diluted loss per share from continuing operations was KRW 114 compared to diluted earnings per share from continuing operations of KRW 71 a year ago. Basic loss per share was KRW 118 compared to basic earnings per share of KRW 60 a year ago. Diluted loss per share was KRW 118 compared to diluted earnings per share of KRW 60 a year ago.
For the six months, sales was KRW 140.61 million compared to KRW 433.76 million a year ago. Net loss was KRW 1,913.13 million compared to net income of KRW 966.45 million a year ago. Basic loss per share from continuing operations was KRW 104 compared to basic earnings per share from continuing operations of KRW 87 a year ago. Diluted loss per share from continuing operations was KRW 104 compared to diluted earnings per share from continuing operations of KRW 87 a year ago. Basic loss per share was KRW 132 compared to basic earnings per share of KRW 77 a year ago. Diluted loss per share was KRW 132 compared to diluted earnings per share of KRW 77 a year ago.
HYSONIC Co., Ltd., formerly G2HYSONIC Co., Ltd., is a Korea-based company principally engaged in the manufacturing of auto focus (AF) actuators. The Company mainly manufactures precision micro miniature electro mechanical actuator products including AF actuators, optical image stabilizer actuators and smooth picture actuators for mobile handset camera application and optical application. The Company's customers include HUAWEI, Liteon, LG Innotek, CammSys Corp and others. It distributes its products within domestic market and to overseas markets.