Pan Ocean Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 11:27 pm EST
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Pan Ocean Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was KRW 24,501 million compared to KRW 166,804 million a year ago. Basic earnings per share from continuing operations was KRW 45 compared to KRW 312 a year ago. Basic earnings per share was KRW 45 compared to KRW 312 a year ago.
For the nine months, net income was KRW 229,590 million compared to KRW 554,523 million a year ago. Basic earnings per share from continuing operations was KRW 429 compared to KRW 1,037 a year ago. Diluted earnings per share from continuing operations was KRW 429. Basic earnings per share was KRW 429 compared to KRW 1,037 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. 
