Husteel Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 12:11 am EST
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Husteel Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 3,863.57 million compared to KRW 3,939.68 million a year ago. Net income was KRW 55,694.19 million compared to KRW 12,962.45 million a year ago. Basic earnings per share from continuing operations was KRW 1,421 compared to KRW 337 a year ago. Diluted earnings per share from continuing operations was KRW 1,421 compared to KRW 337 a year ago. Basic earnings per share was KRW 1,421 compared to KRW 337 a year ago.
For the nine months, sales was KRW 14,384.45 million compared to KRW 10,780.82 million a year ago. Net income was KRW 125,900.01 million compared to KRW 27,808.84 million a year ago. Basic earnings per share from continuing operations was KRW 3,213 compared to KRW 727 a year ago. Diluted earnings per share from continuing operations was KRW 3,213 compared to KRW 727 a year ago. Basic earnings per share was KRW 3,213 compared to KRW 727 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.
HUSTEEL CO., LTD. 
