Y2 Solution Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 02:30 am EDT
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Y2 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 30,475.88 million compared to KRW 30,101.03 million a year ago. Net income was KRW 4,657.1 million compared to net loss of KRW 660.87 million a year ago. Basic earnings per share from continuing operations was KRW 135 compared to basic loss per share from continuing operations of KRW 20 a year ago. Basic earnings per share was KRW 135 compared to basic loss per share of KRW 20 a year ago.
For the six months, sales was KRW 1,284.24 million compared to KRW 1,308.31 million a year ago. Net loss was KRW 1,746.27 million compared to KRW 1,216.25 million a year ago. Basic loss per share from continuing operations was KRW 50 compared to KRW 40 a year ago. Basic loss per share was KRW 50 compared to KRW 40 a year ago.
Y2 Solution Co Ltd, formerly Yuyang D&U Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of power supply equipment. The Company operates its business through four segments. The Switching Mode Power Supply (SMPS) segment engages in the manufacture and sale of SMPSs for liquid crystal display (LCD), light emitting diode (LED), smart, organic light emitting diode (OLED), and ultra high definition television (UHD TV). The LED segment provides LED lighting products. The Chemical Wholesale segment operates a distribution business that mainly imports petrochemical intermediate raw materials and solvent cleaners from China and Japan, supplies them to demanding enterprises. The Other Business segment is engaged in the development of new biopharmaceuticals, and others.
Y2 SOLUTION CO., LTD 
