KOSSEN Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 12:43 am EDT
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KOSSEN Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 17,672.34 million compared to KRW 10,221.21 million a year ago. Net income was KRW 477.57 million compared to net loss of KRW 865.19 million a year ago. Basic earnings per share from continuing operations was KRW 25 compared to basic loss per share from continuing operations of KRW 93 a year ago. Diluted earnings per share from continuing operations was KRW 25 compared to diluted loss per share from continuing operations of KRW 93 a year ago. Basic earnings per share was KRW 25 compared to basic loss per share of KRW 93 a year ago.
For the six months, sales was KRW 31,320.1 million compared to KRW 19,307.19 million a year ago. Net income was KRW 854.09 million compared to net loss of KRW 1,793.77 million a year ago. Basic earnings per share from continuing operations was KRW 53 compared to basic loss per share from continuing operations of KRW 194 a year ago. Diluted earnings per share from continuing operations was KRW 53 compared to diluted loss per share from continuing operations of KRW 194 a year ago. Basic earnings per share was KRW 53 compared to basic loss per share of KRW 194 a year ago.
IREM Co Ltd, formerly KOSSEN Co.,Ltd., is a Korea-based company engaged in the manufacture and sale of stainless steel pipes. The Company is engaged in the manufacture and sale of stainless steel tubes used in component materials of the ships, aircrafts and automobiles, food and alcoholic beverages manufacturing equipments, petrochemical and paper manufacturing equipments, construction materials and others.