TS Nexgen Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:04 am EST
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TS Nexgen Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported negative sales was KRW 0.00007 million compared to KRW 2,441.03 million a year ago. Net loss was KRW 1,164.53 million compared to net income of KRW 4,691.39 million a year ago. Basic loss per share from continuing operations was KRW 11 compared to KRW 10 a year ago. Diluted loss per share from continuing operations was KRW 11 compared to KRW 10 a year ago. Basic loss per share was KRW 11 compared to basic earnings per share of KRW 51 a year ago.
For the nine months, negative sales was KRW 0.00014 million compared to KRW 7,569.8 million a year ago. Net loss was KRW 7,936.13 million compared to net income of KRW 3,469.27 million a year ago. Basic loss per share from continuing operations was KRW 80 compared to KRW 30 a year ago. Diluted loss per share from continuing operations was KRW 80 compared to KRW 30 a year ago. Basic loss per share was KRW 80 compared to basic earnings per share of KRW 38 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.
TS NEXGEN CO., LTD. 
