Deutsch Motors Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:28 am EDT
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Deutsch Motors Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 7,944.93 million compared to KRW 7,459.53 million a year ago. Net income was KRW 7,681.62 million compared to KRW 12,814.54 million a year ago. Basic earnings per share from continuing operations was KRW 253 compared to KRW 427 a year ago. Diluted earnings per share from continuing operations was KRW 242 compared to KRW 397 a year ago. Basic earnings per share was KRW 253 compared to KRW 427 a year ago. Diluted earnings per share was KRW 242 compared to KRW 397 a year ago.
For the six months, sales was KRW 14,805.76 million compared to KRW 14,395.59 million a year ago. Net income was KRW 6,544.36 million compared to KRW 24,665.27 million a year ago. Basic earnings per share from continuing operations was KRW 216 compared to KRW 841 a year ago. Diluted earnings per share from continuing operations was KRW 211 compared to KRW 767 a year ago. Basic earnings per share was KRW 216 compared to KRW 841 a year ago. Diluted earnings per share was KRW 211 compared to KRW 767 a year ago.
DEUTSCH MOTORS INC. is a Korea-based company engaged in the marketing of imported automobiles. The Company mainly markets imported automobiles under the brand name BMW, such as BMW 1 series, BMW 3 series, BMW 5 series, BMW 6 series, BMW 7 series, BMW M series, BMW X series, BMW Z4 series, BMW Gran Turismo and BMW ActiveHybrid, as well as imported cars under the brand name MINI COOPER. The Company is also engaged in the sale of used automobiles and leasing business. In addition, it involves in the provision of after services, repair and other related services.