ENERGY&MACHINERY KOREA Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 03:09 am EDT
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ENERGY&MACHINERY KOREA Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 1,349.69 million compared to KRW 246.07 million a year ago. Net loss was KRW 1,081.58 million compared to KRW 1,083.61 million a year ago.
Basic loss per share from continuing operations was KRW 25 compared to KRW 25 a year ago. Diluted loss per share from continuing operations was KRW 25 compared to KRW 25 a year ago. Basic loss per share was KRW 25 compared to KRW 25 a year ago.
ENERGY&MACHINERY KOREA Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of machine tools. The Company operates its business through five main segments: machine tool segment, which produces computer numerical control (CNC) machine tools used to produce super-precision processing machines for automobiles, airplanes, ships and others; defense segment, which produces precision components used for aircrafts and armored cars; power plant generation segment, which produces nuclear power equipment components; steel segment provides steel manufacturing facilities to Hyundai-Steel Co., Ltd., and energy segment engages in the manufacture of ballast water treatment equipment. The Company distributes its products within domestic market and to overseas markets.