Michang Oil Ind .Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 107,665.02 million compared to KRW 102,503.18 million a year ago. Net income was KRW 14,934.37 million compared to KRW 7,562.48 million a year ago.

Basic earnings per share from continuing operations was KRW 9,871 compared to KRW 4,998 a year ago. Basic earnings per share was KRW 9,871 compared to KRW 4,998 a year ago.