Cosmo Chemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023
March 20, 2024 at 03:54 am EDT
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Cosmo Chemical Co., Ltd. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was KRW 1,267.91 million compared to KRW 1,147.19 million a year ago. Net loss was KRW 26,827.31 million compared to net income of KRW 11,243.6 million a year ago.
Basic loss per share from continuing operations was KRW 754 compared to basic earnings per share from continuing operations of KRW 334 a year ago. Basic loss per share was KRW 754 compared to basic earnings per share of KRW 334 a year ago.
COSMO CHEMICAL CO., LTD. is a Korea-based company mainly engaged in the manufacture of titanium dioxides. The Company produces titanium dioxides, which are used in rubbers, papers, resins, paints, bricks, electronic components, multi layer ceramic capacitors (MLCCs), catalysts and others under the brand name COTIOX KA-100 and COTIOX KA- 300. It also provides cobalt sulfates, including liquid cobalt sulfates, solid cobalt sulfates and cathode coppers, which are used for secondary lithium batteries, paint desiccants, cobalt pigments, tire bonds, electricity and communication cables, construction materials and others; water treatment agents, such as ferrous sulfates, poly ferric sulfates, liquid ferrous sulfates, gypsums and others, which are used in wastewater treatment agents, construction materials and other industries. The Company distributes its products within domestic market and to overseas markets.