Sangsangin Industry Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 01:59 am
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Sangsangin Industry Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 21.36 million compared to KRW 13.37 million a year ago. Net loss was KRW 443.71 million compared to KRW 1,185.95 million a year ago. Basic loss per share from continuing operations was KRW 6 compared to KRW 19 a year ago. Diluted loss per share from continuing operations was KRW 8 compared to KRW 15 a year ago. Basic loss per share was KRW 6 compared to KRW 19 a year ago. Diluted loss per share was KRW 8 compared to KRW 15 a year ago.
For the nine months, sales was KRW 69.04 million compared to KRW 29.88 million a year ago. Net loss was KRW 328.24 million compared to net income of KRW 889.08 million a year ago. Basic loss per share from continuing operations was KRW 5 compared to basic earnings per share from continuing operations of KRW 14 a year ago. Diluted loss per share from continuing operations was KRW 6 compared to diluted earnings per share from continuing operations of KRW 16 a year ago. Basic loss per share was KRW 5 compared to basic earnings per share of KRW 14 a year ago. Diluted loss per share was KRW 6 compared to diluted earnings per share of KRW 16 a year ago.
Sangsangin Industry Co., Ltd., formerly Dongnam Marine Crane Co., Ltd., is a company engaged in the manufacturing and distribution of ship cranes. Along with subsidiaries, the Company operates its business through two segments. The Shipbuilding Equipment Business segment is engaged in the production and sale of marine cranes, offshore cranes, deck machineries, material handling equipments, engine casings and funnels. The Industrial Plant Business segment is involved in the manufacturing and sale of continuous ship unloaders (CSUs).