Cape Industries Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:09 am EDT
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Cape Industries 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 343.6 million compared to KRW 684.79 million a year ago. Net loss was KRW 1,877.68 million compared to KRW 626.97 million a year ago. Basic loss per share from continuing operations was KRW 63 compared to KRW 20 a year ago. Basic loss per share was KRW 63 compared to KRW 20 a year ago.
For the six months, sales was KRW 613.25 million compared to KRW 1,292.89 million a year ago. Net income was KRW 15,879.12 million compared to KRW 4,592.39 million a year ago. Basic earnings per share from continuing operations was KRW 535 compared to KRW 149 a year ago. Diluted earnings per share from continuing operations was KRW 535 compared to KRW 149 a year ago. Basic earnings per share was KRW 535 compared to KRW 149 a year ago.
CAPE INDUSTRIES LTD., formerly SOCIAL MEDIA NINETY NINE LTD., is a Korea-based company engaged in the manufacture of cylinder liners. The Company produces cylinder liners, such as new shipping cylinder liners and replacement cylinder liners for large vessel main engines. The Companyâs products include MAN B&W type and SULZER type cylinder liners. The Company distributes its products to engine manufacturers and shipbuilders in domestic and overseas markets. The Companyâs main customers include Doosan Engine, China Engine Builder, Wartsila and STX. In addition, the Company is involved in the online game development and warehouse rental businesses. On August 8, 2014, the Companyâs stake in the Changhae Ethanol Co., Ltd decreased to 0%.
CAPE INDUSTRIES LTD. 
