Daechang Solution Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 03:03 am EST
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Daechang Solution 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 17,302.73 million compared to KRW 12,798.42 million a year ago. Net loss was KRW 149 million compared to KRW 1,686.6 million a year ago. Basic loss per share from continuing operations was KRW 1 compared to KRW 11 a year ago. Diluted loss per share from continuing operations was KRW 1 compared to KRW 11 a year ago. Basic loss per share was KRW 1 compared to KRW 11 a year ago.
For the nine months, sales was KRW 54,168.16 million compared to KRW 37,029.06 million a year ago. Net income was KRW 2,439.53 million compared to net loss of KRW 5,240.04 million a year ago. Basic earnings per share from continuing operations was KRW 15 compared to basic loss per share from continuing operations of KRW 33 a year ago. Diluted earnings per share from continuing operations was KRW 15 compared to diluted loss per share from continuing operations of KRW 33 a year ago. Basic earnings per share was KRW 15 compared to basic loss per share of KRW 33 a year ago.
DAECHANG SOLUTION CO., LTD., formerly DAECHANG METAL CO., LTD., is a Korea-based company principally engaged in the manufacture and sale of large engine parts. The Company operates its business through five segments. The Energy Converter Device segment manufactures large engine parts, large generator parts and others. The transportation and Industrial Equipment Part and Material segment produces products such as industrial structural materials, bow and stern materials, special steel ingots, among others. The Resource Mining Equipment segment produces products including mining machinery parts, ore processing plant parts, offshore plant parts and others. The Life Safety Rescue segment manufactures products such as special steel for high-risk materials, high-tech building structures, seismic safety structures and others. The Cryogenic Industry segment manufactures products consisting of cryogenic valves, cryogenic tanks, cryogenic pipes, among others.
DAECHANG SOLUTION CO., LTD. 
