Hwaseung Corporation Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 02:51 am EST
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Hwaseung Corporation Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 9,985.57 million compared to KRW 4,969.9 million a year ago. Net loss was KRW 8,274.78 million compared to net income of KRW 1,372.41 million a year ago. Basic loss per share from continuing operations was KRW 186 compared to basic earnings per share from continuing operations of KRW 30.3486 a year ago. Basic loss per share was KRW 186 compared to basic earnings per share of KRW 22 a year ago.
For the nine months, sales was KRW 28,348.3 million compared to KRW 19,164.06 million a year ago. Net loss was KRW 13,357.03 million compared to KRW 14,824.41 million a year ago. Basic loss per share from continuing operations was KRW 278 compared to KRW 333.835 a year ago. Basic loss per share was KRW 278 compared to KRW 242 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.