Sung Bo Chemicals Co., LTD Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 08:53 pm EDT
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Sung Bo Chemicals 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 10,930.06 million compared to KRW 12,554.66 million a year ago. Net loss was KRW 975.78 million compared to net income of KRW 774.72 million a year ago. Basic loss per share from continuing operations was KRW 49 compared to basic earnings per share from continuing operations of KRW 39 a year ago. Basic loss per share was KRW 49 compared to basic earnings per share of KRW 39 a year ago.
For the six months, sales was KRW 1,619.84 million compared to KRW 1,168.06 million a year ago. Net income was KRW 5,875.62 million compared to KRW 8,618.05 million a year ago. Basic earnings per share from continuing operations was KRW 299 compared to KRW 438 a year ago. Diluted earnings per share from continuing operations was KRW 299 compared to KRW 438 a year ago. Basic earnings per share was KRW 299 compared to KRW 438 a year ago.
Sung Bo Chemicals Co., Ltd. is a Korea-based company engaged in the manufacture of agricultural chemicals for paddy rice and gardening. The Companyâs products include pesticides, insecticides, fungicides and herbicides. Its fungicides are used to provide resistance against fungal plant diseases including white rots, blotches, scabs, downy mildews and powdery mildews. Its insecticides are used to kill aphids, plant hoppers, rice water weevils, leaf rollers, rice stem borers, ensign scales and others. Its herbicides are used to kill weeds that compete with crops for root space, nutrients and water. The Company also engages in the real estate leasing business.
SUNG BO CHEMICALS CO., LTD 
