Histeel Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:22 am EDT
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Histeel 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 0.00024 million compared to negative sales of KRW 0.00084 million a year ago. Net loss was KRW 383.31 million compared to net income of KRW 2,116.03 million a year ago. Basic loss per share from continuing operations was KRW 19 compared to basic earnings per share from continuing operations of KRW 106 a year ago. Basic loss per share was KRW 19 compared to basic earnings per share of KRW 106 a year ago.
For the six months, sales was KRW 0.00038 million compared to negative sales of KRW 0.00048 million a year ago. Net loss was KRW 118.63 million compared to net income of KRW 8,455.57 million a year ago. Basic loss per share from continuing operations was KRW 6 compared to basic earnings per share from continuing operations of KRW 423 a year ago. Basic loss per share was KRW 6 compared to basic earnings per share of KRW 423 a year ago.
HISTEEL CO., LTD. is a Korea-based company engaged in the manufacture and distribution of steel pipes. The Company produces steel pipes, including submerged arc welded (SAW) pipes, such as line pipes, pressure pipes, structural pipes and pipe piles, as well as electric resistance welded (ERW) pipes, such as square pipes, ordinary pipes, structural pipes, automotive pipes and others under the brand name of HISTEEL, which are used for automobiles, boilers, shipping machines, pipes, furniture, buildings and others. The Company distributes its products within domestic market and to overseas markets.
HISTEEL CO.,LTD. 
