Korea Flange Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 09:34 am IST
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Korea Flange Co., Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was KRW 7,586.7 million compared to KRW 3,747.27 million a year ago. Basic earnings per share from continuing operations was KRW 249 compared to KRW 123 a year ago. Diluted earnings per share from continuing operations was KRW 249 compared to KRW 123 a year ago. Basic earnings per share was KRW 249 compared to KRW 123 a year ago.
For the six months, sales was KRW 0.00016 million compared to negative sales of KRW 0.00035 million a year ago. Net income was KRW 14,574.48 million compared to KRW 12,739.51 million a year ago. Basic earnings per share from continuing operations was KRW 479 compared to KRW 418 a year ago. Diluted earnings per share from continuing operations was KRW 479 compared to KRW 418 a year ago. Basic earnings per share was KRW 479 compared to KRW 418 a year ago.
Korea Movenex Co Ltd, formerly Korea Flange Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of automotive parts. The Company operates its business through three segments. The Automotive Parts Business segment is engaged in the manufacture and sale of products such as half shafts, front axle assemblies, rear axles, brake assemblies, crankshafts, connecting rods and fixed speed joints. The Flange Business segment is engaged in the manufacture and sale of products such as welding neck flanges, slip-on flanges and socket welding flanges. The Industrial Machinery Business segment is engaged in the manufacture and sale of products such as ship engine parts.
KOREA MOVENEX CO., LTD. 