Foosung 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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Foosung 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 140,020.35 million compared to KRW 149,669.86 million a year ago. Net loss was KRW 3,973.72 million compared to net income of KRW 19,847.33 million a year ago. Basic loss per share from continuing operations was KRW 43 compared to basic earnings per share from continuing operations of KRW 214 a year ago. Diluted loss per share from continuing operations was KRW 43 compared to diluted earnings per share from continuing operations of KRW 214 a year ago. Basic loss per share was KRW 43 compared to basic earnings per share of KRW 214 a year ago.
For the six months, sales was KRW 714.34 million compared to KRW 459.34 million a year ago. Net loss was KRW 7,706.66 million compared to net income of KRW 54,643.65 million a year ago. Basic loss per share from continuing operations was KRW 83 compared to basic earnings per share from continuing operations of KRW 590 a year ago. Diluted loss per share from continuing operations was KRW 83 compared to diluted earnings per share from continuing operations of KRW 590 a year ago. Basic loss per share was KRW 82 compared to basic earnings per share of KRW 590 a year ago.
Foosung Co Ltd is a Korea-based company principally engaged in the production and sale of basic compounds. The Company is engaged in the manufacturing and sale of refrigerant gases, special gases for semiconductor, secondary battery materials, among others. The Company's fluorides include refrigerants, blowing agents, blowing agents, cleaning agents and fluoride additives. The Company's special gases include semiconductor cleaning gases, etching gases and liquid crystal display (LCD) etchants. The Company's secondary batteries include electrolytic solvents for secondary batteries for automobiles. The Company distributes its products in the domestic and overseas markets such as America and Japan.
FOOSUNG CO., LTD. 
