Kyungdong Invest Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 12:42 am EST
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Kyungdong Invest 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 6,257.64 million compared to KRW 5,047.37 million a year ago. Net loss was KRW 572.71 million compared to net income of KRW 475.47 million a year ago. Basic loss per share from continuing operations was KRW 251 compared to basic earnings per share from continuing operations of KRW 222 a year ago. Diluted loss per share from continuing operations was KRW 251 compared to diluted earnings per share from continuing operations of KRW 222 a year ago. Basic loss per share was KRW 263 compared to basic earnings per share of KRW 218 a year ago. Diluted loss per share was KRW 263 compared to diluted earnings per share of KRW 218 a year ago.
For the nine months, sales was KRW 18,282.91 million compared to KRW 15,080.71 million a year ago. Net income was KRW 8,609.1 million compared to KRW 6,476.03 million a year ago. Basic earnings per share from continuing operations was KRW 3,983 compared to KRW 3,023 a year ago. Diluted earnings per share from continuing operations was KRW 3,983 compared to KRW 3,023 a year ago. Basic earnings per share was KRW 3,948 compared to KRW 2,970 a year ago. Diluted earnings per share was KRW 3,948 compared to KRW 2,970 a year ago.
KYUNGDONG INVEST CO., LTD., formerly KYUNGDONG CITY GAS CO., LTD., is a Korea-based company engaged city gas business. The Company supplies liquefied natural gas (LNG) to residential, commercial and industrial customers in Ulsan city and Ansan city. It also sells gas boilers, and provides compressed natural gas (CNG) charging services. Through its subsidiaries, it is involved in the LNG piping works, high pressure works, water and sewage equipment engineering, logistics services, such as warehouse services, logistics management and others, provision of city gas safety management services (SMSs), as well as civil engineering and building construction, such as road, railways and apartments, among others. On March 31, 2014, the Company established a wholly owned subsidiary, engaged in the development business.
KYUNGDONG INVEST CO., LTD 
