Dongwha Enterprise Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 12:35 pm IST
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Dongwha Enterprise 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 792.17 million compared to KRW 310.13 million a year ago. Net loss was KRW 11,935.77 million compared to net income of KRW 13,366.58 million a year ago. Basic loss per share from continuing operations was KRW 261.2 compared to basic earnings per share from continuing operations of KRW 292.4 a year ago. Diluted loss per share from continuing operations was KRW 261.2 compared to diluted earnings per share from continuing operations of KRW 292.4 a year ago. Basic loss per share was KRW 261.2 compared to basic earnings per share of KRW 292.4 a year ago.
For the six months, sales was KRW 1,147.7 million compared to KRW 601.67 million a year ago. Net loss was KRW 23,421.01 million compared to net income of KRW 33,700.16 million a year ago. Basic loss per share from continuing operations was KRW 512.4 compared to basic earnings per share from continuing operations of KRW 737.6 a year ago. Diluted loss per share from continuing operations was KRW 512.4 compared to diluted earnings per share from continuing operations of KRW 736.8 a year ago. Basic loss per share was KRW 512.4 compared to basic earnings per share of KRW 737.6 a year ago.
DONGWHA ENTERPRISE CO.,LTD. is a Korea-based holding company engaged in the management of its subsidiaries. Through its subsidiaries, the Company operates in three businesses: materials business, which mainly engages in the manufacture of floor boards; housing business, which mainly engages in the provision of laminate floors, construction services and design services, and car life business, which engages in the sales of used cars, as well as leasing of non-residential buildings. On July 1, 2014, it merged with wholly owned subsidiary, WON CHANG TRADING.CO., LTD, engaged in the leasing business.