TS Nexgen Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:47 am
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TS Nexgen Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 4,188.68 million compared to KRW 5,766.17 million a year ago. Net loss was KRW 848.08 million compared to KRW 1,164.53 million a year ago. Basic loss per share from continuing operations was KRW 8 compared to KRW 11 a year ago. Diluted loss per share from continuing operations was KRW 8 compared to KRW 11 a year ago. Basic loss per share was KRW 8 compared to KRW 11 a year ago.
For the nine months, sales was KRW 0.00045 million compared to negative sales of KRW 0.00014 million a year ago. Net loss was KRW 2,092.15 million compared to KRW 7,936.13 million a year ago. Basic loss per share from continuing operations was KRW 19 compared to KRW 80 a year ago. Diluted loss per share from continuing operations was KRW 19 compared to KRW 80 a year ago. Basic loss per share was KRW 19 compared to KRW 80 a year ago.
TS Nexgen Co Ltd, formerly HLB Power Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of electrical equipment. The Company operates its business through five segments. The Damper segment is mainly engaged in the manufacture and sale dampers for ships, power plants and plant industrial facilities. The Busway segment is mainly engaged in the production and sale of busways for the transmission and distribution of production facilities and skyscrapers. The Energy Storage System (ESS) segment is mainly engaged in the manufacture and sale of electrical energy storage systems. The Lifeboat Inspection and After-Sales Service (A/S) segment is mainly engaged in the provision of inspection and after-sales services for lifeboats and others. The Other segment is involved in real estate development.