Taihan Cable & Solution Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 03:30 am EDT
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Taihan Cable & Solution 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 9,483 million compared to KRW 19,463.02 million a year ago. Net loss was KRW 8,469.44 million compared to KRW 6,293.73 million a year ago. Basic loss per share from continuing operations was KRW 70 compared to KRW 110 a year ago. Diluted loss per share from continuing operations was KRW 70 compared to KRW 110 a year ago. Basic loss per share was KRW 70 compared to KRW 80 a year ago. Diluted loss per share was KRW 70 compared to KRW 80 a year ago.
For the six months, sales was KRW 14,062.01 million compared to KRW 34,621.8 million a year ago. Net income was KRW 507.8 million compared to net loss of KRW 10,702.2 million a year ago.
Taihan Electric Wire Co Ltd is a Korea-based company mainly engaged in the manufacturing of electric wires and cables. The Company operates optical fiber business, optical cable business and electrical work business. The Company's products consist of extra-high voltage cables, nuclear cables, control cables, electric power cables, insulated wires, trolley wires, fire protection cables, instrumentation cables, signal cables, factory automation cables and others, which are used for power generation and distribution, and optical cables, communication cables, wireless communication cables and others, which are used for telecommunication. The Company also provides copper rods, magnet wires, heating systems and others. It also involves in the electrical work business.