DRB Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:05 am EDT
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DRB Industrial Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 168.99 million compared to KRW 424.86 million a year ago. Net income was KRW 1,182.8 million compared to KRW 3,361.97 million a year ago. Basic earnings per share from continuing operations was KRW 85 compared to KRW 241 a year ago. Diluted earnings per share from continuing operations was KRW 85 compared to KRW 241 a year ago. Basic earnings per share was KRW 85 compared to KRW 241 a year ago.
For the six months, sales was KRW 265.02 million compared to KRW 698.27 million a year ago. Net income was KRW 6,043.73 million compared to KRW 1,437.09 million a year ago. Basic earnings per share from continuing operations was KRW 435 compared to KRW 103 a year ago. Diluted earnings per share from continuing operations was KRW 435 compared to KRW 103 a year ago. Basic earnings per share was KRW 435 compared to KRW 103 a year ago.
DRB Industrial Co., Ltd. is a Korea-based company engaged in the manufacture and sale of industrial rubber products. The Companyâs products consist of power transmission belts used for automotive, home and office appliances and equipment, chemicals and other industries; rubber track used as wheel part of agricultural and construction machines; undercarriage systems used in construction and agriculture industries; conveyor belts and systems, as well as others. The Company distributes its products within domestic market and to overseas markets, including the Americas, Japan and others.
DRB INDUSTRIAL CO., LTD. 
