Tongyang Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 15,420.57 million compared to KRW 6,907.86 million a year ago. Net income was KRW 11,662.69 million compared to net loss of KRW 2,124.58 million a year ago.

Basic earnings per share from continuing operations was KRW 61 compared to basic loss per share from continuing operations of KRW 11 a year ago. Basic earnings per share was KRW 61 compared to basic loss per share of KRW 11 a year ago.