Sungwoo Hitech Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 12:09 am EST
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Sungwoo Hitech Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 58,442.85 million compared to KRW 87,349.17 million a year ago. Net income was KRW 50,330.67 million compared to KRW 3,471.64 million a year ago. Basic earnings per share from continuing operations was KRW 629 compared to KRW 43 a year ago. Diluted earnings per share from continuing operations was KRW 629 compared to KRW 43 a year ago. Basic earnings per share was KRW 629 compared to KRW 43 a year ago.
For the nine months, sales was KRW 178,879.96 million compared to KRW 251,684.14 million a year ago. Net income was KRW 104,000.07 million compared to KRW 47,694.2 million a year ago. Basic earnings per share from continuing operations was KRW 1,300 compared to KRW 596 a year ago. Diluted earnings per share from continuing operations was KRW 1,300 compared to KRW 596 a year ago. Basic earnings per share was KRW 1,300 compared to KRW 596 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. 
