Iljin Diamond Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:31 am EDT
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Iljin Diamond 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 35,648.87 million compared to KRW 56,584.3 million a year ago. Net income was KRW 2,347.33 million compared to KRW 1,667.19 million a year ago. Basic earnings per share from continuing operations was KRW 168 compared to KRW 120 a year ago. Diluted earnings per share from continuing operations was KRW 168. Basic earnings per share was KRW 165 compared to KRW 118 a year ago. Diluted earnings per share was KRW 165.
For the six months, sales was KRW 77,945.36 million compared to KRW 89,826.85 million a year ago. Net income was KRW 6,218 million compared to KRW 3,637.7 million a year ago. Basic earnings per share from continuing operations was KRW 443 compared to KRW 261 a year ago. Diluted earnings per share from continuing operations was KRW 443 compared to KRW 261 a year ago. Basic earnings per share was KRW 438 compared to KRW 256 a year ago. Diluted earnings per share was KRW 438 compared to KRW 256 a year ago.
ILJIN DIAMOND.CO,.LTD. is a Korea-based company engaged in the manufacture of industrial diamonds. The Company's products include diamond grits, which are used in sawing, drilling and dressing stones, reinforced concretes, asphalts, refractories, electrical materials and others; cutting tool blanks, which are used in wood furniture, steel and metal products, printed circuit boards (PCBs) and others, and hard metals, which are used as materials for high pressure molding and printed circuit board (PCB) punching. The Company distributes its products within domestic market and to overseas markets.
ILJIN DIAMOND CO.,LTD 
