SM Hwajin Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 06:54 am IST
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SM Hwajin 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 167.34 million compared to KRW 163.38 million a year ago. Net loss was KRW 630.35 million compared to net income of KRW 2,962.91 million a year ago. Basic loss per share from continuing operations was KRW 22 compared to basic earnings per share from continuing operations of KRW 34 a year ago. Basic loss per share was KRW 22 compared to basic earnings per share of KRW 34 a year ago.
For the six months, sales was KRW 479.94 million compared to KRW 179.23 million a year ago. Net loss was KRW 1,651.6 million compared to net income of KRW 2,117.84 million a year ago. Basic loss per share from continuing operations was KRW 22 compared to basic earnings per share from continuing operations of KRW 34 a year ago. Basic loss per share was KRW 22 compared to basic earnings per share of KRW 34 a year ago.
SM Hwajin Co Ltd, formerly HWAJIN Co., Ltd., is a Korea-based company mainly engaged in the manufacture and sale of automobile interior components. The Company's products portfolio consists of wood grain products used for steeling wheels, rear switches, plate consoles, knob outers, keyboards, rear cases and others, and ion plasma evaporation (IPE) products used as painting and molding products for insert damper knobs, stop and start buttons, indicator cover switch body, wheel decoration rings, bezel covers and others. It also involves in the wholesale of automobile printings through its subsidiary. The Company' s main clients are Hyundai, KIA Motors, Ssangyong Motor, Nissan, Honda, LG Electronics and others. The Company distributes its products within domestic market and to overseas markets.
HWAJIN CO LTD 
