Keyang Electric Machinery Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:34 am EST
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Keyang Electric Machinery Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 96,460.25 million compared to KRW 90,859.59 million a year ago. Net loss was KRW 536.48 million compared to net income of KRW 56.57 million a year ago. Basic loss per share from continuing operations was KRW 17 compared to basic earnings per share from continuing operations of KRW 120 a year ago. Basic loss per share was KRW 17 compared to KRW 4 a year ago.
For the nine months, sales was KRW 287,523.45 million compared to KRW 274,563.54 million a year ago. Net income was KRW 1,583.54 million compared to KRW 1,312.04 million a year ago. Basic earnings per share from continuing operations was KRW 61 compared to KRW 165 a year ago. Diluted earnings per share from continuing operations was KRW 66 compared to KRW 170 a year ago. Basic earnings per share was KRW 54 compared to KRW 33 a year ago.
KEYANG ELECTRIC MACHINERY Co., Ltd. is a Korea-based company engaged in the manufacture and sale of industrial tools and automotive parts. The Company's product portfolio consists of industrial tools, including cordless tools, grinders, hammers, drills, cutting tools, planning tools, polishing tools, screwing tools, compressors, welding machines and others, and electrical devices, such as direct current (DC) motors for automobiles, including seat motors, window motors and motors used in power train applications, engine applications and chassis applications. The Company distributes its products within domestic market and to overseas markets.
KEYANG ELECTRIC MACHINERY CO., LTD. 
