Hwaseung Corporation Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 11:16 am IST
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Hwaseung Corporation 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 10,397.02 million compared to KRW 12,007.62 million a year ago. Net income was KRW 5,219.17 million compared to KRW 11,634.69 million a year ago. Basic earnings per share from continuing operations was KRW 118 compared to KRW 262 a year ago. Basic earnings per share was KRW 118 compared to KRW 262 a year ago.
For the nine months, sales was KRW 29,326.34 million compared to KRW 38,153.82 million a year ago. Net income was KRW 12,552.4 million compared to KRW 8,419.54 million a year ago. Basic earnings per share from continuing operations was KRW 283 compared to KRW 190 a year ago. Basic earnings per share was KRW 283 compared to KRW 190 a year ago.
Hwaseung Corporation Co Ltd, formerly HS R & A Co Ltd, is a Korea-based company mainly engaged in the manufacture and sell of industrial rubber products. The Company operates its business through two segments. The Rubber segment mainly engages in manufacturing and selling of rubber products including industrial conveyor belts; industrial hoses and seats; and insect repellents and special materials, among others. The Investment segment engages in the management and investment in shares of subsidiaries and investees.