Jokwang ILI Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:13 am EST
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Jokwang ILI 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 6,878.62 million compared to KRW 6,553.42 million a year ago. Net income was KRW 315.97 million compared to net loss of KRW 325.34 million a year ago. Basic earnings per share from continuing operations was KRW 3 compared to basic loss per share from continuing operations of KRW 4 a year ago. Diluted earnings per share from continuing operations was KRW 3 compared to diluted loss per share from continuing operations of KRW 6 a year ago. Basic earnings per share was KRW 3 compared to basic loss per share of KRW 4 a year ago. Diluted earnings per share was KRW 3 compared to diluted loss per share of KRW 6 a year ago.
For the nine months, sales was KRW 21,567.67 million compared to KRW 21,924.32 million a year ago. Net loss was KRW 5,150.25 million compared to net income of KRW 750.97 million a year ago. Basic loss per share from continuing operations was KRW 58 compared to basic earnings per share from continuing operations of KRW 10 a year ago. Diluted loss per share from continuing operations was KRW 58 compared to KRW 6 a year ago. Basic loss per share was KRW 58 compared to basic earnings per share of KRW 10 a year ago. Diluted loss per share was KRW 58 compared to KRW 6 a year ago.
Jokwang I.L.I. Co.,Ltd is a Korea-based company primarily engaged in the manufacture and distribution of valves. The Companyâs valves mainly consist of safety relief valves, stream traps, reducing and regulating valves, strainers and others. Its products are principally used in shipbuilding, construction, petrochemical plant and nuclear power sectors. The Company is also engaged in the plant rental business. The Company distributes its products within domestic market and to overseas markets.
JOKWANG ILI CO., LTD. 
