Taeyang Metal Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 04:16 am EDT
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Taeyang Metal Industrial Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 132,302.43 million compared to KRW 113,016.21 million a year ago. Net income was KRW 19.07 million compared to net loss of KRW 890.74 million a year ago.
For the six months, sales was KRW 260,930.83 million compared to KRW 229,043.71 million a year ago. Net loss was KRW 512.82 million compared to net income of KRW 3,303.86 million a year ago. Basic loss per share from continuing operations was KRW 15 compared to basic earnings per share from continuing operations of KRW 90 a year ago. Diluted loss per share from continuing operations was KRW 15 compared to diluted earnings per share from continuing operations of KRW 90 a year ago. Basic loss per share was KRW 15 compared to basic earnings per share of KRW 90 a year ago.
Taeyang Metal Industrial Co. Ltd is a Korea-based company engaged in the provision of cold-forged products. The Company's products include automotive components such as engine components, including cylinder head bolts, con rod bolts, crank shaft pulley bolts, main bearing cap bolts, fly wheel bolts and others, steering components, including ball stud, ball housings, outer sockets, tie rods, upper shafts, solid shafts and others, brake components, including guide rods, input rods, output rods, adjusting screws and others, suspension components, including cam bolts, and other components, including flange bolts; motorcycle components such as drive train components and steering systems, and appliance components, such as compressor bolts. It also produces screws, nuts, washers and others. Its products are provided under the brand name of TMC. The Company distributes its products within domestic market and to overseas markets.
TAEYANG METAL INDUSTRIAL CO., LTD. 
