STX Heavy Industries Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 02:47 am
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STX Heavy Industries 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 38,757.11 million compared to KRW 50,801.91 million a year ago. Net loss was KRW 505.62 million compared to KRW 1,856.51 million a year ago. Basic loss per share from continuing operations was KRW 18 compared to KRW 65 a year ago. Diluted loss per share from continuing operations was KRW 18 compared to KRW 65 a year ago. Basic loss per share was KRW 18 compared to KRW 65 a year ago.
For the nine months, sales was KRW 116,982.11 million compared to KRW 179,858.36 million a year ago. Net loss was KRW 17,066.9 million compared to KRW 1,154.56 million a year ago. Basic loss per share from continuing operations was KRW 602 compared to KRW 41 a year ago. Diluted loss per share from continuing operations was KRW 602 compared to KRW 41 a year ago. Basic loss per share was KRW 602 compared to KRW 41 a year ago.
STX Heavy Industries Co., LTD is a Korea-based company mainly engaged in the manufacture of ship engine components. The Company operates its business mainly through engine component segment and shipbuilding material segment. Its engine component segment mainly produces diesel engine components, including cylinder blocks, crank shafts, cylinder liners and turbochargers, cylinder heads, pistons, cam shafts and connecting rods, which are used in ships and power generators. Its shipbuilding material segment provides cargo oil pump systems, liquefied natural gas carrier (LNGC) insulation boxes, heavy fuel oil (HFO) supply system units and purifier units. On December 3, 2013, KDB and KOREA FINANCE CORPORATION respectively subscribed 15.99% and a 3.90% stake in the Company. After the private placement, KDB and KOREA FINANCE CORPORATION became the Company's top shareholder, replacing STX Engine Co,.Ltd and four related parties, which held a combined 61.94 pct stake in the Company.
STX HEAVY INDUSTRIES CO., LTD. 
