ENERGY&MACHINERY KOREA Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 09:01 pm EDT
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ENERGY&MACHINERY KOREA Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 24,685.4 million compared to KRW 25,605.62 million a year ago. Net loss was KRW 509.57 million compared to net income of KRW 883.07 million a year ago. Basic loss per share from continuing operations was KRW 12 compared to basic earnings per share from continuing operations of KRW 21 a year ago. Diluted loss per share from continuing operations was KRW 12 compared to diluted earnings per share from continuing operations of KRW 21 a year ago. Basic loss per share was KRW 12 compared to basic earnings per share of KRW 21 a year ago.
For the six months, sales was KRW 2,158.7 million compared to KRW 1,393.63 million a year ago. Net loss was KRW 1,591.15 million compared to KRW 226.36 million a year ago. Basic loss per share from continuing operations was KRW 37 compared to KRW 5 a year ago. Diluted loss per share from continuing operations was KRW 37 compared to KRW 5 a year ago. Basic loss per share was KRW 37 compared to KRW 5 a year ago.
EMKorea Co Ltd is a Korea-based company primarily engaged in the manufacturing and sales of defense and aviation parts. The Company operates through six business segments. The Defense and Aerospace Business segment engages in the manufacturing of defense and aviation components. The Machining Business segment engages in the production of finished machine tools and parts. The Energy Business segment engages in hydrogen energy and station manufacturing and construction. The Power Generation and International Thermonuclear Experimental Reactor (ITER) Business segment is engaged in the production of thermal power, nuclear power, and nuclear fusion power generation facilities. The Tunnel Boring Machine (TBM) Business segment manufactures TBMs for construction. Other Business segment engage in leasing.
ENERGY&MACHINERY KOREA CO.,LTD. 
