KOSSEN Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 11:42 am IST
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KOSSEN Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 13,569.61 million compared to KRW 6,484.94 million a year ago. Net income was KRW 308.71 million compared to net loss of KRW 3,549.52 million a year ago. Basic earnings per share from continuing operations was KRW 33 compared to basic loss per share from continuing operations of KRW 474 a year ago. Diluted earnings per share from continuing operations was KRW 33 compared to diluted loss per share from continuing operations of KRW 474 a year ago. Basic earnings per share was KRW 33 compared to basic loss per share of KRW 474 a year ago.
For the nine months, sales was KRW 32,876.8 million compared to KRW 28,569.89 million a year ago. Net loss was KRW 1,485.06 million compared to KRW 21,850.62 million a year ago. Basic loss per share from continuing operations was KRW 162 compared to KRW 3,432 a year ago. Diluted loss per share from continuing operations was KRW 162 compared to KRW 3,432 a year ago. Basic loss per share was KRW 162 compared to KRW 3,432 a year ago.
IREM Co Ltd, formerly KOSSEN Co.,Ltd., is a Korea-based company engaged in the manufacture and sale of stainless steel pipes. The Company is engaged in the manufacture and sale of stainless steel tubes used in component materials of the ships, aircrafts and automobiles, food and alcoholic beverages manufacturing equipments, petrochemical and paper manufacturing equipments, construction materials and others.