EV Advanced Material Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 10:21 am IST
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EV Advanced Material Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 153.86 million compared to KRW 0.00019 million a year ago. Net income was KRW 2,795.03 million compared to net loss of KRW 1,269.87 million a year ago. Basic earnings per share from continuing operations was KRW 98 compared to basic loss per share from continuing operations of KRW 78 a year ago. Diluted earnings per share from continuing operations was KRW 98 compared to diluted loss per share from continuing operations of KRW 78 a year ago. Basic earnings per share was KRW 98 compared to basic loss per share of KRW 78 a year ago.
For the nine months, sales was KRW 241.56 million compared to KRW 0.00002 million a year ago. Net loss was KRW 8,127.99 million compared to net income of KRW 4,432.24 million a year ago. Basic loss per share from continuing operations was KRW 310 compared to basic earnings per share from continuing operations of KRW 350 a year ago. Diluted loss per share from continuing operations was KRW 310 compared to diluted earnings per share from continuing operations of KRW 350 a year ago. Basic loss per share was KRW 310 compared to basic earnings per share of KRW 224 a year ago.
EV Advanced Material Co Ltd, formerly Act Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of flexible printed circuit boards (FPCBs). The Companyâs products include single side FPCBs, double side FPCBs, double access FPCBs, multi FPCBs and rigid FPCBs. The Companyâs products are used in mobile phones, tablet personal computers (PCs), transport stream processor (TSP) modules, plasma display panel (PDP) modules, liquid crystal display (LCD) modules, camera modules, televisions and others. The Company sells its products in domestic and overseas markets such as China, Japan, and Europe.