Youngwire Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 16, 2024 at 10:52 am IST
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Youngwire Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was KRW 534.84 million compared to KRW 1,810.3 million a year ago. Net income was KRW 2,429.59 million compared to net loss of KRW 1,446.78 million a year ago.
Basic earnings per share from continuing operations was KRW 38 compared to basic loss per share from continuing operations of KRW 22 a year ago. Basic earnings per share was KRW 38 compared to basic loss per share of KRW 22 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.
YOUNGWIRE CO., LTD. 
