SM Hwajin Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 09:41 am IST
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SM Hwajin Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 72.2 million compared to KRW 296.3 million a year ago. Net loss was KRW 2,179.17 million compared to KRW 601.68 million a year ago.
For the nine months, sales was KRW 552.14 million compared to KRW 475.54 million a year ago. Net loss was KRW 3,830.77 million compared to net income of KRW 1,516.16 million a year ago. Basic loss per share from continuing operations was KRW 51.
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 
