Korea Flange Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 06:31 am IST
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Korea Flange Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net income was KRW 2,119.9 million compared to KRW 5,498.6 million a year ago. Basic earnings per share from continuing operations was KRW 70 compared to KRW 181 a year ago. Diluted earnings per share from continuing operations was KRW 70 compared to KRW 181 a year ago. Basic earnings per share was KRW 70 compared to KRW 181 a year ago.
For the nine months, net income was KRW 14,859.41 million compared to KRW 7,084.01 million a year ago. Basic earnings per share from continuing operations was KRW 488 compared to KRW 233 a year ago. Diluted earnings per share from continuing operations was KRW 488 compared to KRW 233 a year ago. Basic earnings per share was KRW 488 compared to KRW 233 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. 