JNK Heaters Co., Ltd. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 10, 2016
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JNK Heaters Co., Ltd. announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's revenue was KRW 40.4 billion compared with KRW 36.99 billion a year ago. Operating income was KRW 0.73 billion compared with KRW 1.99 billion a year ago. Net profit before income expense was KRW 2.2 billion compared with KRW 3.0 billion a year ago. Net profit was KRW 2.1 billion or KRW 275 per basic share compared with KRW 1.4 billion or KRW 147 per basic share a year ago. Continued operations profit was KRW 2.1 billion or KRW 275 per basic share compared with KRW 2.6 billion or KRW 315 per basic share a year ago.
For the six months, the company's revenue was KRW 77.4 billion compared with KRW 67.5 billion a year ago. Operating income was KRW 3.99 billion compared with KRW 3.1 billion a year ago. Net profit before income expense was KRW 2.9 billion compared with KRW 3.9 billion a year ago. Net profit was KRW 2.8 billion or KRW 407 per basic share compared with KRW 1.4 billion or KRW 181 per basic share a year ago. Continued operations profit was KRW 2.8 billion or KRW 407 per basic share compared with KRW 3.5 billion or KRW 457 per basic share a year ago. Business activity cash flow was negative at KRW 14.3 billion compared with KRW 2.9 billion a year ago. Acquisition of buildings was KRW 0.78 billion compared with KRW 0.07 billion a year ago. Purchase of machinery was KRW 0.12 billion. Purchase of vehicles was KRW 0.25 billion compared with KRW 0.08 billion a year ago. Acquisition of tools and equipment was KRW 0.05 billion.
JNK Global Co Ltd, formerly JNK Heaters Co Ltd, is a Korea-based company that designs, manufactures, installs, and maintains industrial heating furnaces. The Company operates through two segments. The Industrial Heating Furnace Business segment is engaged in the design and manufacture of industrial heating furnaces. The Hydrogen Business segment is engaged in the development and supply of hydrogen extractors and hydrogen charging stations. The Company's industrial furnaces include vertical cylinder type, vertical box type, horizontal box type, cabin box type, double heating type, U-tube box type, inverted U tube box type, and others. The Company sells its products in domestic and international markets.