Taihan Cable & Solution Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 12:34 am EDT
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Taihan Cable & Solution 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 9,748.03 million compared to KRW 9,483 million a year ago. Net income was KRW 12,815.7 million compared to net loss of KRW 8,469.44 million a year ago. Basic earnings per share from continuing operations was KRW 104 compared to basic loss per share from continuing operations of KRW 68 a year ago. Diluted earnings per share from continuing operations was KRW 104 compared to diluted loss per share from continuing operations of KRW 68 a year ago. Basic earnings per share was KRW 104 compared to basic loss per share of KRW 68 a year ago.
For the six months, sales was KRW 24,031.73 million compared to KRW 14,062.01 million a year ago. Net income was KRW 21,491.36 million compared to KRW 507.8 million a year ago. Basic earnings per share from continuing operations was KRW 174 compared to KRW 5 a year ago. Diluted earnings per share from continuing operations was KRW 174 compared to KRW 5 a year ago. Basic earnings per share was KRW 174 compared to KRW 5 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 Companyâs 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.