Pan Ocean Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:03 am EDT
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Pan Ocean Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 210,914 million compared to KRW 203,182 million a year ago. Net income was KRW 224,848 million compared to KRW 91,097 million a year ago. Basic earnings per share from continuing operations was KRW 420 compared to KRW 171 a year ago. Diluted earnings per share from continuing operations was KRW 420 compared to KRW 171 a year ago. Basic earnings per share was KRW 420 compared to KRW 171 a year ago.
For the six months, sales was KRW 337,214 million compared to KRW 282,848 million a year ago. Net income was KRW 387,719 million compared to KRW 145,717 million a year ago. Basic earnings per share from continuing operations was KRW 725 compared to KRW 273 a year ago. Diluted earnings per share from continuing operations was KRW 725 compared to KRW 273 a year ago. Basic earnings per share was KRW 725 compared to KRW 273 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. 
