HLB Power Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 03:00 am EST
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HLB Power Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 4,424.06 million compared to KRW 5,126.49 million a year ago. Net income was KRW 4,691.39 million compared to KRW 4.45 million a year ago. Basic loss per share from continuing operations was KRW 10 compared to KRW 6 a year ago. Diluted loss per share from continuing operations was KRW 10 compared to KRW 6 a year ago. Basic earnings per share was KRW 51.
For the nine months, negative sales was KRW 7,569.8 million compared to KRW 7,809.32 million a year ago. Net income was KRW 3,469.27 million compared to KRW 1,879.55 million a year ago. Basic loss per share from continuing operations was KRW 30 compared to basic earnings per share from continuing operations of KRW 13 a year ago. Diluted loss per share from continuing operations was KRW 30 compared to diluted earnings per share from continuing operations of KRW 13 a year ago. Basic earnings per share was KRW 38 compared to KRW 21 a year ago.
TS Nexgen Co Ltd, formerly HLB Power Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of electrical equipment. The Company operates its business through five segments. The Damper segment is mainly engaged in the manufacture and sale dampers for ships, power plants and plant industrial facilities. The Busway segment is mainly engaged in the production and sale of busways for the transmission and distribution of production facilities and skyscrapers. The Energy Storage System (ESS) segment is mainly engaged in the manufacture and sale of electrical energy storage systems. The Lifeboat Inspection and After-Sales Service (A/S) segment is mainly engaged in the provision of inspection and after-sales services for lifeboats and others. The Other segment is involved in real estate development.