Korea Movenex Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 09:31 am IST
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Korea Movenex Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was KRW 19,471.03 million compared to KRW 2,119.9 million a year ago. Basic earnings per share from continuing operations was KRW 639 compared to KRW 70 a year ago. Diluted earnings per share from continuing operations was KRW 639 compared to KRW 70 a year ago. Basic earnings per share was KRW 639 compared to KRW 70 a year ago.
For the nine months, negative sales was KRW 0.0005 million compared to KRW 0.00023 million a year ago. Net income was KRW 34,045.51 million compared to KRW 14,859.41 million a year ago. Basic earnings per share from continuing operations was KRW 1,118 compared to KRW 488 a year ago. Diluted earnings per share from continuing operations was KRW 1,118 compared to KRW 488 a year ago. Basic earnings per share was KRW 1,118 compared to KRW 488 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. 
