HL Mando Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 03:19 am EST
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HL Mando Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 1,968,389.04 million compared to KRW 1,436,025.9 million a year ago. Net income was KRW 129,142.53 million compared to KRW 22,674.49 million a year ago. Basic earnings per share from continuing operations was KRW 2,758 compared to KRW 484 a year ago. Basic earnings per share was KRW 2,758 compared to KRW 484 a year ago.
For the nine months, sales was KRW 11,054.6 million compared to KRW 6,555.3 million a year ago. Net income was KRW 194,806.17 million compared to KRW 150,035.17 million a year ago. Basic earnings per share from continuing operations was KRW 4,160 compared to KRW 3,204 a year ago. Basic earnings per share was KRW 4,160 compared to KRW 3,204 a year ago.
HL Mando Corp, formerly Mando Corp, is a Korea-based company mainly engaged in the production and sale of automobile parts. The Company produces and sells automobile parts such as brake, steering and suspension systems. The brake systems include anti-lock brake systems (ABSs), traction control systems (TCSs) and electronic stability controls (ESCs). The steering systems include steering gear systems, steering columns and electric power steering (EPS). The suspension systems include electronically controlled suspensions (ECSs) and continuous damping controls (CDCs). The Company sells products in domestic and overseas markets such as China, the United States, and India.