Youngwire Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 06:34 am IST
Share
Youngwire Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 941.02 million compared to KRW 186.1 million a year ago. Net loss was KRW 407.09 million compared to KRW 2,858.88 million a year ago.
Basic loss per share from continuing operations was KRW 6 compared to KRW 41 a year ago. Diluted loss per share from continuing operations was KRW 6 compared to KRW 41 a year ago. Basic loss per share was KRW 6 compared to KRW 44 a year ago.
Diluted loss per share was KRW 6 compared to KRW 44 a year ago.
YoungWire Co Ltd, formerly Young Heung Iron & Steel Co Ltd, is a Korea-based company engaged in the manufacturing of steel products. The Companyâs products consist of wire ropes, such as cross laid wire ropes, parallel laid wire ropes, non-rotating ropes, compacted wire ropes, swaged wire ropes, elevator wire ropes and others; wires, cables, low relaxation (LR) strands, prestressed concrete (PC) steel strands and cold drawn steel bars. In addition, the Company also produces automobile parts, such as coil springs and leaf springs. It also engages in the logistics business such as unloading, road freight, and transportation, as well as eco-friendly antirust packaging materials business. The Company distributes its products within domestic market and to overseas markets.