Youngwire Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:29 am EST
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Youngwire Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 2,144.95 million compared to KRW 956.53 million a year ago. Net income was KRW 784.36 million compared to KRW 4,364.31 million a year ago. Basic earnings per share from continuing operations was KRW 12 compared to KRW 64 a year ago. Diluted earnings per share from continuing operations was KRW 12 compared to KRW 64 a year ago. Basic earnings per share was KRW 12 compared to KRW 68 a year ago. Diluted earnings per share was KRW 12 compared to KRW 68 a year ago.
For the nine months, sales was KRW 5,476.17 million compared to KRW 2,427.21 million a year ago. Net income was KRW 4,278.24 million compared to KRW 2,217.87 million a year ago. Basic earnings per share from continuing operations was KRW 66 compared to KRW 41 a year ago. Diluted earnings per share from continuing operations was KRW 53 compared to KRW 41 a year ago. Basic earnings per share was KRW 66 compared to KRW 34 a year ago. Diluted earnings per share was KRW 53 compared to KRW 34 a year ago.
YoungWire Co Ltd, formerly Young Heung Iron & Steel Co Ltd, is a Korea-based company engaged in the manufacturing of steel products. The Companyâs products consist of wire ropes, such as cross laid wire ropes, parallel laid wire ropes, non-rotating ropes, compacted wire ropes, swaged wire ropes, elevator wire ropes and others; wires, cables, low relaxation (LR) strands, prestressed concrete (PC) steel strands and cold drawn steel bars. In addition, the Company also produces automobile parts, such as coil springs and leaf springs. It also engages in the logistics business such as unloading, road freight, and transportation, as well as eco-friendly antirust packaging materials business. The Company distributes its products within domestic market and to overseas markets.
YOUNGWIRE CO., LTD. 
