Satrec Initiative Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 12:50 am EDT
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Satrec Initiative Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 1,612.05 million compared to KRW 1,354.92 million a year ago. Net income was KRW 1,669.82 million compared to KRW 1,099.02 million a year ago. Basic earnings per share from continuing operations was KRW 186 compared to KRW 154 a year ago. Diluted earnings per share from continuing operations was KRW 186 compared to KRW 154 a year ago. Basic earnings per share was KRW 186 compared to KRW 154 a year ago.
Satrec Initiative Co., Ltd. is a Korea-based company engaged in the provision of satellite systems. The Company operates its business through four divisions: satellite, earth, derivative and other. Its satellite division provides satellite systems, including 300 kilogram (KG) and 200 KG class earth observation small satellite systems, 100 KG class low earth orbit micro-satellite systems, as well as electronic optical cameras, among others. Its earth division provides satellite image signal processing devices and software. Its derivative division provides radioactive ray source and amount monitoring systems. Its other division provides memories used in aerospace industry. On April 1, 2014, it divested its image business into a new wholly owned subsidiary, namely SI Imaging Services Co., Ltd.
SATREC INITIATIVE CO., LTD. 
