Inhwa Precision Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 11:42 am IST
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Inhwa Precision Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 947.55 million compared to KRW 1,221.96 million a year ago. Net income was KRW 2,018.96 million compared to net loss of KRW 200.69 million a year ago.
Basic earnings per share from continuing operations was KRW 216 compared to basic loss per share from continuing operations of KRW 22 a year ago. Basic earnings per share was KRW 216 compared to basic loss per share of KRW 22 a year ago.
Inhwa Precision Co., Ltd. is a Korea-based company principally engaged in the manufacture of vessel engine components. The Company's vessel engine components include cylinder covers, cylinder frames, bed plates, frame boxes and others for low-speed diesel engines, as well as base frames and common beds for medium-speed diesel engines. It also provides power plant components, such as exhaust frames, end shields, bearing housings, main lead boxes, diffusers and others. In addition, through its subsidiaries, it is involved in the provision of automobile components such as joint cages, diff gears and others, as well as metal tooling machines such as soft line machines, rolling machines and others. The Company mainly distributes its products within domestic market.
INHWA PRECISION CO., LTD 
