Daechang Forging Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 08:55 pm EST
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Daechang Forging 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 2,253.02 million compared to KRW 2,732.87 million a year ago. Net income was KRW 8,031.72 million compared to KRW 11,726.36 million a year ago. Basic earnings per share from continuing operations was KRW 310 compared to KRW 453 a year ago. Basic earnings per share was KRW 310 compared to KRW 453 a year ago.
For the nine months, sales was KRW 8,755.86 million compared to KRW 11,108.38 million a year ago. Net income was KRW 31,705.45 million compared to KRW 31,484.36 million a year ago. Basic earnings per share from continuing operations was KRW 1,224 compared to KRW 1,216 a year ago. Basic earnings per share was KRW 1,224 compared to KRW 1,216 a year ago.
DaeChang Forging Co., LTD. is a Korea-based company engaged in the manufacture of heavy machinery components and automobile parts. Its heavy machinery components include links, roller assemblies, track shoes, track chains, seals, pins, bushings, bolts and nuts, which are used for excavators, tractors and other heavy equipment. It also produces crank shafts used in engine parts of automobiles. The Company distributes its products within domestic market and to overseas markets.
DAECHANG FORGING CO., LTD. 
