Taihan Electric Wire Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 12:39 pm IST
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Taihan Electric Wire Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 10,764.88 million compared to KRW 8,634.48 million a year ago. Net income was KRW 19,008.37 million compared to net loss of KRW 30,227.9 million a year ago. Basic earnings per share from continuing operations was KRW 22 compared to basic loss per share from continuing operations of KRW 35 a year ago. Diluted earnings per share from continuing operations was KRW 22 compared to diluted loss per share from continuing operations of KRW 35 a year ago. Basic earnings per share was KRW 22 compared to basic loss per share of KRW 35 a year ago. Diluted earnings per share was KRW 22 compared to diluted loss per share of KRW 35 a year ago.
For the nine months, sales was KRW 45,386.68 million compared to KRW 38,494.07 million a year ago. Net income was KRW 8,306.17 million compared to net loss of KRW 22,101.28 million a year ago. Basic earnings per share from continuing operations was KRW 6 compared to basic loss per share from continuing operations of KRW 26 a year ago. Diluted earnings per share from continuing operations was KRW 6 compared to diluted loss per share from continuing operations of KRW 26 a year ago. Basic earnings per share was KRW 10 compared to basic loss per share of KRW 26 a year ago. Diluted earnings per share was KRW 10 compared to diluted loss per share of KRW 26 a year ago.
Taihan Electric Wire Co Ltd is a Korea-based company mainly engaged in the manufacturing of electric wires and cables. The Company operates optical fiber business, optical cable business and electrical work business. The Companyâs products consist of extra-high voltage cables, nuclear cables, control cables, electric power cables, insulated wires, trolley wires, fire protection cables, instrumentation cables, signal cables, factory automation cables and others, which are used for power generation and distribution, and optical cables, communication cables, wireless communication cables and others, which are used for telecommunication. The Company also provides copper rods, magnet wires, heating systems and others. It also involves in the electrical work business.