Sungwoo Hitech Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:48 am EDT
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Sungwoo Hitech 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 61,462.5 million compared to KRW 86,156.27 million a year ago. Net income was KRW 21,429.69 million compared to KRW 27,637.14 million a year ago. Basic earnings per share from continuing operations was KRW 268 compared to KRW 346 a year ago. Diluted earnings per share from continuing operations was KRW 268 compared to KRW 346 a year ago. Basic earnings per share was KRW 268 compared to KRW 346 a year ago.
For the six months, sales was KRW 120,437.1 million compared to KRW 164,334.97 million a year ago. Net income was KRW 53,669.41 million compared to KRW 44,222.57 million a year ago. Basic earnings per share from continuing operations was KRW 671 compared to KRW 553 a year ago. Diluted earnings per share from continuing operations was KRW 671 compared to KRW 553 a year ago. Basic earnings per share was KRW 671 compared to KRW 553 a year ago.
SUNGWOO HITECH CO., LTD. is a Korea-based original equipment manufacturer (OEM) principally engaged in the provision of automobile components. The Companyâs products include bumper rails, side members, fender apron completes, center floor completes, hood assemblies, dash completes, floor panel components, package-tray centers, inner lowers, side sills, center pilers and others. It also involves in the distribution of steel products. The Company mainly distributes its products to Hyundai Motor Company, GM Daewoo Auto & Technology Company, KIA Motors Corporation and others.
SUNGWOO HITECH CO., LTD. 
