Cosmo Chemical Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:40 am EST
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Cosmo Chemical Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 314.67 million compared to KRW 249.35 million a year ago. Net loss was KRW 3,964.35 million compared to KRW 2,238.16 million a year ago. Basic loss per share from continuing operations was KRW 113 compared to KRW 70 a year ago. Diluted loss per share from continuing operations was KRW 113 compared to KRW 70 a year ago. Basic loss per share was KRW 113 compared to KRW 70 a year ago.
For the nine months, sales was KRW 884.28 million compared to KRW 869.84 million a year ago. Net loss was KRW 14,698 million compared to net income of KRW 10,140.28 million a year ago. Basic loss per share from continuing operations was KRW 419 compared to basic earnings per share from continuing operations of KRW 327 a year ago. Diluted loss per share from continuing operations was KRW 419 compared to diluted earnings per share from continuing operations of KRW 327 a year ago. Basic loss per share was KRW 419 compared to basic earnings per share of KRW 327 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.
COSMO CHEMICAL CO., LTD. 
