Paratech Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:46 pm IST
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Paratech Company Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 1,141.99 million compared to KRW 1,529.86 million a year ago. Net loss was KRW 1,199.16 million compared to net income of KRW 5,167.15 million a year ago. Basic loss per share from continuing operations was KRW 24 compared to basic earnings per share from continuing operations of KRW 124 a year ago. Basic loss per share was KRW 24 compared to basic earnings per share of KRW 124 a year ago.
For the nine months, sales was KRW 4,979.66 million compared to KRW 5,139.34 million a year ago. Net loss was KRW 3,206.36 million compared to KRW 2,436.1 million a year ago. Basic loss per share from continuing operations was KRW 64 compared to KRW 59 a year ago. Basic loss per share was KRW 64 compared to KRW 59 a year ago.
Paratech Company Limited, formerly Paradise Industry Co., Ltd., is a Korea-based company engaged in the manufacture and distribution of fire fitting equipment. The Companyâs products include sprinkler heads, casting iron valves for fire fittings, sprinkler joints, automatic fire extinguishers, easy sprinkler packages, clean agent gas systems, chlorinated polyvinyl chloride (CPVC) pipes, water spray systems and air foams. In addition, it is also engaged in the construction of fire facilities. The Company provides its products under the brand name FESCO. The Company distributes its products within domestic market and to overseas markets.