Kolon Global Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:19 pm IST
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Kolon Global Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 8.48 million compared to KRW 10,779.41 million a year ago. Net income was KRW 3,172.66 million compared to KRW 47,562.6 million a year ago. Basic earnings per share from continuing operations was KRW 161 compared to KRW 2,181 a year ago. Basic earnings per share was KRW 161 compared to KRW 2,492 a year ago.
For the nine months, sales was KRW 7,107.83 million compared to KRW 21,001.84 million a year ago. Net income was KRW 32,731.52 million compared to KRW 136,637.85 million a year ago. Basic earnings per share from continuing operations was KRW 1,669 compared to KRW 5,539 a year ago. Basic earnings per share was KRW 1,669 compared to KRW 7,161 a year ago.
KOLON GLOBAL CORPORATION is a Korea-based mainly company engaged in the construction, merchandise sale and automobile sale businesses. The Company mainly operates its businesses in four divisions: construction division, which involves in the construction of residential buildings, power and chemical plants, offices, roads, subways, sewage treatment facilities and others; information technology division, which involves in the IT system, IT solution and relevant repair and maintenance services; merchandise sale division, which involves in the trading of industrial materials, fertilizers, fine chemicals, steel products, pharmaceuticals and others, as well as automobile sale division, which involves in the sale of imported automobiles. On August 27, 2013, it transferred a certain shares of Kimcheon Energy Co.,Ltd., engaged in the group energy business. After that, the Company's stake in Kimcheon Energy Co.,Ltd. decreased to 20.0%.