Korea Movenex Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 12:00 am
Share
Korea Movenex Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was KRW 21,567.4 million compared to KRW 7,586.7 million a year ago. Basic earnings per share from continuing operations was KRW 708 compared to KRW 249 a year ago. Diluted earnings per share from continuing operations was KRW 708 compared to KRW 249 a year ago. Basic earnings per share was KRW 708 compared to KRW 249 a year ago.
For the six months, net income was KRW 30,510.99 million compared to KRW 14,574.48 million a year ago. Basic earnings per share from continuing operations was KRW 1,002 compared to KRW 479 a year ago. Diluted earnings per share from continuing operations was KRW 1,002 compared to KRW 479 a year ago. Basic earnings per share was KRW 1,002 compared to KRW 479 a year ago.
Korea Movenex Co Ltd, formerly Korea Flange 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 Automotive Parts Business segment is engaged in the manufacture and sale of products such as half shafts, front axle assemblies, rear axles, brake assemblies, crankshafts, connecting rods and fixed speed joints. The Flange Business segment is engaged in the manufacture and sale of products such as welding neck flanges, slip-on flanges and socket welding flanges. The Industrial Machinery Business segment is engaged in the manufacture and sale of products such as ship engine parts.
KOREA MOVENEX CO., LTD. 
