Youngsin Metal Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:25 am
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Youngsin Metal Industrial Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 41,096.49 million compared to KRW 35,660.82 million a year ago. Net loss was KRW 823.82 million compared to KRW 360.07 million a year ago. Basic loss per share from continuing operations was KRW 43 compared to KRW 19 a year ago. Basic loss per share was KRW 43 compared to KRW 19 a year ago.
For the six months, negative sales was KRW 18.65 million compared to sales of KRW 0.00002 million a year ago. Net loss was KRW 25.67 million compared to net income of KRW 606.3 million a year ago. Basic loss per share from continuing operations was KRW 1 compared to basic earnings per share from continuing operations of KRW 32 a year ago. Basic loss per share was KRW 1 compared to basic earnings per share of KRW 32 a year ago.
YM Co Ltd, formerly Youngsin Metal Industrial, is a Korea-based company mainly engaged in the manufacture of fasteners. The Companyâs products portfolio consists of bolts including stud bolts, high tension bolts, high precision bolts, customized special bolts and others, and screws including self drilling screws (SDSs) and stainless steel screws, which are mainly used as automobile parts. Its products are also used as parts for electronics, interior decoration and others. Its main clients include Daewoo Motor, KIA Motor, Hyundai Motor, Daerim Motor, Samsung Electronics and others. The Company distributes its products within domestic market and to overseas markets.