Pan Ocean Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 12:33 am EDT
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Pan Ocean Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 1,440,894 million compared to KRW 679,924 million a year ago. Net income was KRW 162,871 million compared to KRW 54,620 million a year ago. Basic earnings per share from continuing operations was KRW 305 compared to KRW 102 a year ago. Diluted earnings per share from continuing operations was KRW 305 compared to KRW 102 a year ago. Basic earnings per share was KRW 305 compared to KRW 102 a year ago.
Pan Ocean Co Ltd is a Korea-based company principally engaged in the provision of sea transportation services. The Company operates its business through two segments. The Shipping segment is engaged in the provision of sea transportation services using bulk carriers and non-bulk carriers. The bulk carriers include break bulk liners, trampers and large bulkers. The non-bulk carriers include tankers, containers, gas carriers and heavy lifters. This segment is engaged in the sea transportation of cargoes such as iron ores, coals, grains, containers, crude oil, crude oil, automobiles, liquefied natural gas (LNG), as well as special cargoes. In addition, this segment is engaged in the grain business, which purchases and sells grain to importers. The Other segment is involved of ship management business and leasing business.
PAN OCEAN CO., LTD. 
