Changhae Ethanol Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 1,786.67 million compared to KRW 2,731.59 million a year ago. Net income was KRW 785.33 million compared to KRW 2,936.87 million a year ago.

Basic earnings per share from continuing operations was KRW 104 compared to KRW 387 a year ago. Basic earnings per share was KRW 104 compared to KRW 387 a year ago.