Husteel Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 02:02 am EDT
Share
Husteel 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 4,128.06 million compared to KRW 5,539.34 million a year ago. Net income was KRW 6,504.19 million compared to KRW 52,945.74 million a year ago. Basic earnings per share from continuing operations was KRW 116 compared to KRW 1,351 a year ago. Diluted earnings per share from continuing operations was KRW 116 compared to KRW 1,351 a year ago. Basic earnings per share was KRW 116 compared to KRW 1,351 a year ago.
For the six months, sales was KRW 7,895.48 million compared to KRW 10,520.88 million a year ago. Net income was KRW 55,403.77 million compared to KRW 70,205.82 million a year ago. Basic earnings per share from continuing operations was KRW 986 compared to KRW 1,792 a year ago. Diluted earnings per share from continuing operations was KRW 986 compared to KRW 1,792 a year ago. Basic earnings per share was KRW 986 compared to KRW 1,792 a year ago.
Husteel Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of steel pipes. The Company's products mainly consist of steel pipes for ordinary piping, fuel gas piping and pressure service, tubes for general structural purposes and mechanical structural purposes, square tubes, rectangular tubes, steel pipe piles, high tensile strength steel tubes for tower structural purposes, cold rolled carbon steel square pipes for aseismatic building structure, line pipes, carbon steel boilers, heat exchanger tubes and others. In addition, the Company involves in the real estate rental business. The Company distributes its products within domestic market and to overseas markets.