Sangsangin Industry Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:19 am
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Sangsangin Industry Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative sales was KRW 0.00037 million compared to sales of KRW 1.7 million a year ago. Net income was KRW 546.32 million compared to net loss of KRW 3,273.54 million a year ago. Basic earnings per share from continuing operations was KRW 29 compared to basic loss per share from continuing operations of KRW 182 a year ago. Diluted earnings per share from continuing operations was KRW 29 compared to diluted loss per share from continuing operations of KRW 195 a year ago. Basic earnings per share was KRW 29 compared to basic loss per share of KRW 182 a year ago.
For the nine months, negative sales was KRW 0.0004 million compared to sales of KRW 7.85 million a year ago. Net income was KRW 1,666.37 million compared to net loss of KRW 5,605.36 million a year ago. Basic earnings per share from continuing operations was KRW 90 compared to basic loss per share from continuing operations of KRW 312 a year ago. Diluted earnings per share from continuing operations was KRW 90 compared to diluted loss per share from continuing operations of KRW 392 a year ago. Basic earnings per share was KRW 90 compared to basic loss per share of KRW 312 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).
SANGSANGIN INDUSTRY CO., LTD. 
