Daeho Special Steel Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 02:40 am EDT
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Daeho Special Steel Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 779.39 million compared to KRW 151.49 million a year ago. Net income was KRW 1,806.25 million compared to KRW 2,634.23 million a year ago. Basic earnings per share from continuing operations was KRW 240 compared to KRW 360 a year ago. Diluted earnings per share from continuing operations was KRW 210 compared to KRW 360 a year ago. Basic earnings per share was KRW 240 compared to KRW 360 a year ago. Diluted earnings per share was KRW 210.
For the six months, sales was KRW 1,748.69 million compared to KRW 268.73 million a year ago. Net income was KRW 777.37 million compared to KRW 3,353.05 million a year ago. Basic earnings per share from continuing operations was KRW 100 compared to KRW 460 a year ago. Diluted earnings per share from continuing operations was KRW 130 compared to KRW 460 a year ago. Basic earnings per share was KRW 100 compared to KRW 460 a year ago. Diluted earnings per share was KRW 130.
DHSteel, formerly Daeho P&C Co Ltd, is a Korea-based company mainly engaged in the manufacturing and distribution of steel wires. The Company operates its business through two segments. The Wire Rod segment manufactures and sells cold heading quality (CHQ) wires, which are material for steel parts such as bolts, nuts, bearing balls and screws, used for automobile parts, general industrial machinery parts, and electronic parts. The Cold Drawn (CD) Bar segment produces and sells bars used as shafts for automobile parts and general industrial machinery parts. In addition, the Company manufactures and sells stainless wire, which is a steel material such as wire, spring and rope. The Company distributes its products within domestic market and to overseas markets.
DHSTEEL 
