Hanon Systems Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:49 am EST
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Hanon Systems reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 6,039.24 million compared to KRW 8,991.11 million a year ago. Net loss was KRW 45,354.06 million compared to net income of KRW 16,813.71 million a year ago. Basic loss per share from continuing operations was KRW 85 compared to basic earnings per share from continuing operations of KRW 32 a year ago. Basic loss per share was KRW 85 compared to basic earnings per share of KRW 32 a year ago.
For the nine months, sales was KRW 31,200.03 million compared to KRW 26,694.37 million a year ago. Net income was KRW 105,752.66 million compared to KRW 50,486.51 million a year ago. Basic earnings per share from continuing operations was KRW 198 compared to KRW 95 a year ago. Basic earnings per share was KRW 198 compared to KRW 95 a year ago.
Hanon Systems, formerly Halla Visteon Climate Control Corp, is a Korea-based company mainly engaged in the manufacturing and sale of automotive thermal management systems and automotive parts. The Company is principally involved in the production and sale of heating ventilation air conditioning (HVAC) systems, power train cooling (PTC) systems, compressors, fluid transport (FT) systems, battery heat management systems, heat pump systems, high voltage cooling fan motors, radiators, condensers and others used in automobiles. The Company distributes its products within the domestic market and to overseas markets, including China, America and Europe.
HANON SYSTEMS 
