SEWON E&C CO., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:47 am EDT
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SEWON E&C 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 49,318.92 million compared to KRW 28,503.08 million a year ago. Net loss was KRW 25,190.95 million compared to net income of KRW 3,391.4 million a year ago. Basic loss per share from continuing operations was KRW 585 compared to basic earnings per share from continuing operations of KRW 110 a year ago. Diluted loss per share from continuing operations was KRW 585 compared to diluted earnings per share from continuing operations of KRW 100 a year ago. Basic loss per share was KRW 117 compared to basic earnings per share of KRW 22 a year ago. Diluted loss per share was KRW 97 compared to diluted earnings per share of KRW 20 a year ago.
For the six months, sales was KRW 87,372.41 million compared to KRW 52,929.77 million a year ago. Net loss was KRW 1,905.37 million compared to net income of KRW 987.86 million a year ago. Basic loss per share from continuing operations was KRW 45 compared to basic earnings per share from continuing operations of KRW 35 a year ago. Diluted loss per share from continuing operations was KRW 90 compared to diluted earnings per share from continuing operations of KRW 25 a year ago. Basic loss per share was KRW 9 compared to basic earnings per share of KRW 7 a year ago. Diluted loss per share was KRW 18 compared to diluted earnings per share of KRW 5 a year ago.
Sewon E&C Co Ltd, formerly Sewon Cellontech Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of process equipment. The Company operates its business through three segments. The Process Equipment Business segment is engaged in the design and manufacture of process equipment such as heat exchangers and reactors, among others. This segmentâs products are used in petrochemicals, oil and gas, power generation, among others. The Power Limb Business segment produces and supplies power limb such as pumps, valves, cylinders and others. This segmentâs products are used in automobile equipment, machine tools and steel equipment, among others. The Other Business segment manufactures glass lining equipment, centrifuges and others.
SEWON E&C CO., LTD. 
