Sejin Heavy Industries Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 16, 2024 at 01:17 pm IST
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Sejin Heavy Industries Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was KRW 1,222.21 million compared to KRW 1,028.32 million a year ago. Net income was KRW 2,574.74 million compared to net loss of KRW 6,547.57 million a year ago.
Basic earnings per share from continuing operations was KRW 46 compared to basic loss per share from continuing operations of KRW 119 a year ago. Basic earnings per share was KRW 46 compared to basic loss per share of KRW 119 a year ago.
Sejin Heavy Industries Co Ltd is a Korea-based company mainly engaged in the manufacture of ship components. The Company operates its business through two segments. The Shipbuilding segment manufactures deck houses including engine casings, funnels, radar masts and wing bridges, liquefied petroleum gas (LPG) tanks, upper deck units for crude oil tankers, product carriers, chemical tankers and LPG carriers, ring blocks, gorgons, engine rooms and others. The Plant segment manufactures living quarters, burner booms, flare towers and clare ridges. The Company distributes its products in domestic and overseas markets.