Taeyang Metal Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:47 am EDT
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Taeyang Metal Industrial 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 154,046.75 million compared to KRW 132,302.43 million a year ago. Net income was KRW 1,919.94 million compared to KRW 19.07 million a year ago. Basic earnings per share from continuing operations was KRW 53. Diluted earnings per share from continuing operations was KRW 53. Basic earnings per share was KRW 53.
For the six months, sales was KRW 308,590.36 million compared to KRW 260,930.83 million a year ago. Net income was KRW 3,647.16 million compared to net loss of KRW 512.82 million a year ago. Basic earnings per share from continuing operations was KRW 100 compared to basic loss per share from continuing operations of KRW 15 a year ago. Diluted earnings per share from continuing operations was KRW 100 compared to diluted loss per share from continuing operations of KRW 15 a year ago. Basic earnings per share was KRW 100 compared to basic loss per share of KRW 15 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. 
