Sangsangin Industry Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 01:56 pm IST
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Sangsangin Industry Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 4 million compared to KRW 21.47 million a year ago. Net loss was KRW 545.8 million compared to KRW 1,811.77 million a year ago. Basic loss per share from continuing operations was KRW 32 compared to KRW 100 a year ago. Diluted loss per share from continuing operations was KRW 84 compared to KRW 108 a year ago. Basic loss per share was KRW 32 compared to KRW 100 a year ago. Diluted loss per share was KRW 84 compared to KRW 108 a year ago.
For the six months, sales was KRW 6.15 million compared to KRW 47.68 million a year ago. Net loss was KRW 2,332.66 million compared to net income of KRW 115.47 million a year ago. Basic loss per share from continuing operations was KRW 132 compared to basic earnings per share from continuing operations of KRW 8 a year ago. Diluted loss per share from continuing operations was KRW 180. Basic loss per share was KRW 132 compared to basic earnings per share of KRW 8 a year ago. Diluted loss per share was KRW 180.
Sangsangin Industry Co., Ltd., formerly Dongnam Marine Crane Co., Ltd., is a company engaged in the manufacturing and distribution of ship cranes. Along with subsidiaries, the Company operates its business through two segments. The Shipbuilding Equipment Business segment is engaged in the production and sale of marine cranes, offshore cranes, deck machineries, material handling equipments, engine casings and funnels. The Industrial Plant Business segment is involved in the manufacturing and sale of continuous ship unloaders (CSUs).
SANGSANGIN INDUSTRY CO., LTD. 
