Y2 Solution Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:59 am EST
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Y2 Solution Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 39,207.5 million compared to KRW 40,854.18 million a year ago. Net loss was KRW 108.23 million compared to net income of KRW 4,115.09 million a year ago. Basic loss per share from continuing operations was KRW 3 compared to basic earnings per share from continuing operations of KRW 129 a year ago. Basic loss per share was KRW 3 compared to basic earnings per share of KRW 129 a year ago.
For the nine months, sales was KRW 2,129.83 million compared to KRW 1,913.56 million a year ago. Net loss was KRW 1,342.47 million compared to net income of KRW 2,898.83 million a year ago. Basic loss per share from continuing operations was KRW 39 compared to basic earnings per share from continuing operations of KRW 82 a year ago. Basic loss per share was KRW 39 compared to basic earnings per share of KRW 82 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 
