MDS Tech Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:32 am EDT
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MDS Tech Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 36,251.32 million compared to KRW 38,402.99 million a year ago. Net income was KRW 1,165.47 million compared to net loss of KRW 3,629.29 million a year ago. Basic earnings per share from continuing operations was KRW 13. Basic earnings per share was KRW 13 compared to basic loss per share of KRW 44 a year ago. Diluted earnings per share was KRW 13 compared to diluted loss per share of KRW 44 a year ago.
For the six months, sales was KRW 74,000.66 million compared to KRW 78,060.31 million a year ago. Net income was KRW 5,097.99 million compared to net loss of KRW 2,222.13 million a year ago. Basic earnings per share from continuing operations was KRW 64. Basic earnings per share was KRW 64 compared to basic loss per share of KRW 27 a year ago. Diluted earnings per share was KRW 64 compared to diluted loss per share of KRW 27 a year ago.
MDS Tech Inc, formerly Hancom MDS Inc, is a Korea-based company mainly engaged in provision of embedded software development and embedded development solutions. The Company operates its business through five segments. The Innovation Business Manager segment mainly provides solutions and services such as autonomous driving, advanced driver assistance system development solutions and embedded operating systems. The Convergence Business Manager segment provides solutions and services such as development solutions and system automation solutions. Hancom's Intelligence segment provides solutions and services such as core solutions for the 4th industry, artificial intelligence (AI) platforms, and Internet of Things (IoT) solutions. The Domestic Subsidiary segment operates businesses such as communication modules, robots, and shared services. The Overseas Subsidiary segment provides services such as embedded operating systems (OS) to China, Australia, Singapore, and India.
MDS TECH INC. 
