Daesung Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:24 am EST
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Daesung Industrial 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 365,181.22 million compared to KRW 456,553.28 million a year ago. Net income was KRW 7,244.08 million compared to KRW 8,564.63 million a year ago. Basic earnings per share from continuing operations was KRW 193 compared to KRW 229 a year ago. Diluted earnings per share from continuing operations was KRW 192 compared to KRW 226 a year ago. Basic earnings per share was KRW 193 compared to KRW 229 a year ago. Diluted earnings per share was KRW 192 compared to KRW 226 a year ago.
For the nine months, sales was KRW 13,434.61 million compared to KRW 17,327.84 million a year ago. Net income was KRW 13,019.78 million compared to KRW 13,110.8 million a year ago. Basic earnings per share from continuing operations was KRW 348 compared to KRW 355 a year ago. Diluted earnings per share from continuing operations was KRW 347 compared to KRW 350 a year ago. Basic earnings per share was KRW 348 compared to KRW 355 a year ago. Diluted earnings per share was KRW 347 compared to KRW 350 a year ago.
Daesung Industrial Co., Ltd. is a Korea-based company mainly engaged in the distribution of petroleum gas. It operates its businesses through four segments. It oil/gas segment operates gas stations and charging stations, selling oils and other gases, as well as develops oil and gas fields in overseas mining lots. Its construction segment constructs residential, commercial and industrial buildings, including apartments, offices, hotels, theaters, factories and others. Its distribution segment operates complex shopping town, including department stores, hotels, musical theaters and others. Its other segment involves in the cogeneration business, providing local heat, steam and electricity; provision of gas meters, gas boilers and hydraulic valves used for agricultural machineries; computer system integration, as well as coal mining. On December 4, 2013, it transferred all the asset and debts of Kojen Business Unit to DS POWER CO,.LTD.
DAESUNG INDUSTRIAL CO., LTD. 
