NOROO Holdings Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:49 am EDT
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NOROO Holdings Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 8,278.68 million compared to KRW 10,965.34 million a year ago. Net income was KRW 5,571.01 million compared to KRW 4,033.68 million a year ago. Basic earnings per share from continuing operations was KRW 532 compared to KRW 387 a year ago. Basic earnings per share was KRW 532 compared to KRW 387 a year ago.
For the six months, sales was KRW 17,043.92 million compared to KRW 19,278.47 million a year ago. Net income was KRW 5,687.92 million compared to KRW 3,886.54 million a year ago. Basic earnings per share from continuing operations was KRW 543 compared to KRW 373 a year ago. Basic earnings per share was KRW 543 compared to KRW 373 a year ago.
NOROO HOLDINGS CO., LTD. is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs main subsidiaries consist of NOROO PAINT CO., LTD., which is engaged in the manufacturing of industrial coatings; NOROO Chemicals Co., Ltd., which is engaged in the manufacturing of construction coatings, unsaturated polyester resins (UPRs) and others; NOROO Automotive Coatings Co., Ltd., which is engaged in the manufacturing of automobile coatings and others; IPK CO., LTD., which is engaged in the manufacturing of paints for vessels and heavy-duty purposes; NOROO Bee Chemical Co., Ltd., which is engaged in the manufacture of plastic paints for motors or home appliances, among others. On January 15, 2014, the Company acquired a 100% stake in NOROO KIBAN CO., LTD., engaged in the processing, distributing and sale of agricultural products.
NOROO HOLDINGS CO., LTD. 
