Daechang Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 12:47 pm IST
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Daechang Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 1,319.25 million compared to KRW 1,492.92 million a year ago. Net loss was KRW 6,710.31 million compared to net income of KRW 3,920.04 million a year ago.
Basic loss per share from continuing operations was KRW 88 compared to basic earnings per share from continuing operations of KRW 51 a year ago. Basic loss per share was KRW 88 compared to basic earnings per share of KRW 51 a year ago.
DAECHANG CO., LTD. is a Korea-based company engaged in the manufacturing of non-ferrous metal products. The Companyâs products include free cutting brass rods, forged brass rods, high-strength brass rods, dezincification resistance brasses, lead free brasses, copper anodes and others. The Companyâs products are used as raw materials for semiconductor, electrical, electronic, automobile, shipbuilding, industrial machine and other industries. The Company distributes its products within domestic market and to overseas markets. On December 26, 2013, it acquired additional shares of TAEWOO, a Korea-based company engaged in the rolling and extruding of copper. It held a 65.6% stake in the target company after the transaction.