Hwaseung Corporation Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 11:08 pm EDT
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Hwaseung Corporation 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 8,569.25 million compared to KRW 15,857.13 million a year ago. Net loss was KRW 809.16 million compared to KRW 1,659.04 million a year ago. Basic loss per share from continuing operations was KRW 18 compared to KRW 37 a year ago. Basic loss per share was KRW 18 compared to KRW 37 a year ago.
For the six months, sales was KRW 18,929.32 million compared to KRW 26,146.2 million a year ago. Net income was KRW 7,333.23 million compared to net loss of KRW 3,215.15 million a year ago. Basic earnings per share from continuing operations was KRW 165 compared to basic loss per share from continuing operations of KRW 72 a year ago. Basic earnings per share was KRW 165 compared to basic loss per share of KRW 72 a year ago.
Hwaseung Corporation Co Ltd, formerly HS R & A Co Ltd, is a Korea-based company mainly engaged in the manufacture and sell of industrial rubber products. The Company operates its business through two segments. The Rubber segment mainly engages in manufacturing and selling of rubber products including industrial conveyor belts; industrial hoses and seats; and insect repellents and special materials, among others. The Investment segment engages in the management and investment in shares of subsidiaries and investees.
HWASEUNG CORPORATION CO.,LTD. 
