Korea Aerospace Industries, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:48 pm IST
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Korea Aerospace Industries, Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 0.00021 million compared to negative sales of KRW 0.00052 million a year ago. Net income was KRW 10,668.58 million compared to KRW 50,731.61 million a year ago. Basic earnings per share from continuing operations was KRW 109 compared to KRW 520 a year ago. Basic earnings per share was KRW 109 compared to KRW 520 a year ago.
For the six months, negative sales was KRW 0.00026 million compared to sales of KRW 0.00018 million a year ago. Net income was KRW 41,298.43 million compared to KRW 88,236.85 million a year ago. Basic earnings per share from continuing operations was KRW 424 compared to KRW 905 a year ago. Basic earnings per share was KRW 424 compared to KRW 905 a year ago.
Korea Aerospace Industries Ltd is a Korea-based company principally engaged in the manufacturing and sale of aircraft. The Company operates its business through two segments. The Defense and Finisher Export segment manufactures and sells aircrafts such as trainer aircrafts, attack aircrafts, fighter aircrafts and motorized helicopters, among others. This segment also operates military supplies business including simulator and unmanned aerial vehicle (UAV) manufacturing and performance-based logistics (PBL) support business, official and private helicopter business, as well as satellite business. The Airframe Parts and Civil Export Other segment is engaged in the manufacturing and delivery of aircraft structures, as well as the export of civilian demands.