HYSONIC Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 04:00 am IST
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HYSONIC Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 191.73 million compared to negative sales of KRW 0.00011 million a year ago. Net income was KRW 771.79 million compared to net loss of KRW 2,351.79 million a year ago. Basic earnings per share from continuing operations was KRW 71 compared to basic loss per share from continuing operations of KRW 190 a year ago. Diluted earnings per share from continuing operations was KRW 71 compared to diluted loss per share from continuing operations of KRW 190 a year ago. Basic earnings per share was KRW 60 compared to basic loss per share of KRW 230 a year ago. Diluted earnings per share was KRW 60 compared to diluted loss per share of KRW 230 a year ago.
For the six months, sales was KRW 433.76 million compared to KRW 0.00015 million a year ago. Net income was KRW 966.45 million compared to net loss of KRW 3,755.53 million a year ago. Basic earnings per share from continuing operations was KRW 87 compared to basic loss per share from continuing operations of KRW 322 a year ago. Diluted earnings per share from continuing operations was KRW 87 compared to diluted loss per share from continuing operations of KRW 322 a year ago. Basic earnings per share was KRW 77 compared to basic loss per share of KRW 414 a year ago. Diluted earnings per share was KRW 77 compared to diluted loss per share of KRW 414 a year ago.
HYSONIC Co., Ltd., formerly G2HYSONIC Co., Ltd., is a Korea-based company principally engaged in the manufacturing of auto focus (AF) actuators. The Company mainly manufactures precision micro miniature electro mechanical actuator products including AF actuators, optical image stabilizer actuators and smooth picture actuators for mobile handset camera application and optical application. The Company's customers include HUAWEI, Liteon, LG Innotek, CammSys Corp and others. It distributes its products within domestic market and to overseas markets.