NOROO Holdings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 12:39 pm IST
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NOROO Holdings Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 8,765.24 million compared to KRW 8,313.13 million a year ago. Net income was KRW 116.9 million compared to net loss of KRW 147.15 million a year ago.
Basic earnings per share from continuing operations was KRW 11 compared to basic loss per share from continuing operations of KRW 14 a year ago. Basic earnings per share was KRW 11 compared to basic loss per share of KRW 14 a year ago.
NOROO HOLDINGS CO., LTD. is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs main subsidiaries consist of NOROO PAINT CO., LTD., which is engaged in the manufacturing of industrial coatings; NOROO Chemicals Co., Ltd., which is engaged in the manufacturing of construction coatings, unsaturated polyester resins (UPRs) and others; NOROO Automotive Coatings Co., Ltd., which is engaged in the manufacturing of automobile coatings and others; IPK CO., LTD., which is engaged in the manufacturing of paints for vessels and heavy-duty purposes; NOROO Bee Chemical Co., Ltd., which is engaged in the manufacture of plastic paints for motors or home appliances, among others. On January 15, 2014, the Company acquired a 100% stake in NOROO KIBAN CO., LTD., engaged in the processing, distributing and sale of agricultural products.