Daeho Special Steel Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:36 am EST
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Daeho Special Steel Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 1,593.96 million compared to KRW 212.58 million a year ago. Net income was KRW 649 million compared to net loss of KRW 85.57 million a year ago. Basic earnings per share from continuing operations was KRW 90 compared to basic loss per share from continuing operations of KRW 10 a year ago. Diluted earnings per share from continuing operations was KRW 90 compared to diluted loss per share from continuing operations of KRW 10 a year ago. Basic earnings per share was KRW 90 compared to basic loss per share of KRW 10 a year ago. Diluted earnings per share was KRW 100 compared to KRW 70 a year ago.
For the nine months, sales was KRW 3,342.64 million compared to KRW 481.3 million a year ago. Net income was KRW 1,426.36 million compared to KRW 3,267.47 million a year ago. Basic earnings per share from continuing operations was KRW 190 compared to KRW 450 a year ago. Diluted earnings per share from continuing operations was KRW 190 compared to KRW 450 a year ago. Basic earnings per share was KRW 190 compared to KRW 450 a year ago. Diluted earnings per share was KRW 240 compared to KRW 700 a year ago.
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 
