Youngsin Metal Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 01:00 pm IST
Share
Youngsin Metal Industrial 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 35,660.82 million compared to KRW 31,086.96 million a year ago. Net loss was KRW 360.07 million compared to net income of KRW 492.33 million a year ago. Basic loss per share from continuing operations was KRW 19 compared to basic earnings per share from continuing operations of KRW 26 a year ago. Basic loss per share was KRW 19 compared to basic earnings per share of KRW 13 a year ago.
For the six months, sales was KRW 70,423.11 million compared to KRW 61,768.66 million a year ago. Net income was KRW 606.3 million compared to KRW 746.35 million a year ago. Basic earnings per share from continuing operations was KRW 32 compared to KRW 39 a year ago. Basic earnings per share was KRW 32 compared to KRW 29 a year ago.
YM Co Ltd, formerly Youngsin Metal Industrial, is a Korea-based company mainly engaged in the manufacture of fasteners. The Companyâs products portfolio consists of bolts including stud bolts, high tension bolts, high precision bolts, customized special bolts and others, and screws including self drilling screws (SDSs) and stainless steel screws, which are mainly used as automobile parts. Its products are also used as parts for electronics, interior decoration and others. Its main clients include Daewoo Motor, KIA Motor, Hyundai Motor, Daerim Motor, Samsung Electronics and others. The Company distributes its products within domestic market and to overseas markets.