Korea Movenex Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 11:10 pm
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Korea Movenex Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was KRW 13,907.54 million compared to KRW 19,471.03 million a year ago. Basic earnings per share from continuing operations was KRW 457 compared to KRW 639 a year ago. Diluted earnings per share from continuing operations was KRW 457 compared to KRW 639 a year ago. Basic earnings per share was KRW 457 compared to KRW 639 a year ago.
For the nine months, net income was KRW 44,418.52 million compared to KRW 34,045.51 million a year ago. Basic earnings per share from continuing operations was KRW 1,459 compared to KRW 1,118 a year ago. Diluted earnings per share from continuing operations was KRW 1,459 compared to KRW 1,118 a year ago. Basic earnings per share was KRW 1,459 compared to KRW 1,118 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. 
