DhSteel Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:44 am EDT
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dhSteel reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 656.33 million compared to KRW 779.39 million a year ago. Net income was KRW 163.02 million compared to KRW 1,806.25 million a year ago. Basic earnings per share from continuing operations was KRW 22 compared to KRW 242 a year ago. Basic earnings per share was KRW 22 compared to KRW 242 a year ago.
For the six months, sales was KRW 1,754.16 million compared to KRW 1,748.69 million a year ago. Net loss was KRW 3,655.72 million compared to net income of KRW 777.37 million a year ago. Basic loss per share from continuing operations was KRW 490 compared to basic earnings per share from continuing operations of KRW 104 a year ago. Basic loss per share was KRW 490 compared to basic earnings per share of KRW 104 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 
