Cape Industries Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 06:41 am
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Cape Industries 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 526.21 million compared to KRW 597.82 million a year ago. Net income was KRW 3,574.15 million compared to KRW 6,194.82 million a year ago. Basic earnings per share from continuing operations was KRW 115 compared to KRW 215 a year ago. Diluted earnings per share from continuing operations was KRW 115 compared to KRW 215 a year ago. Basic earnings per share was KRW 115 compared to KRW 215 a year ago.
For the nine months, sales was KRW 1,417.27 million compared to KRW 1,616.68 million a year ago. Net income was KRW 41,905.46 million compared to KRW 7,450.77 million a year ago. Basic earnings per share from continuing operations was KRW 1,357 compared to KRW 263 a year ago. Diluted earnings per share from continuing operations was KRW 1,357 compared to KRW 263 a year ago. Basic earnings per share was KRW 1,357 compared to KRW 263 a year ago.
CAPE INDUSTRIES LTD., formerly SOCIAL MEDIA NINETY NINE LTD., is a Korea-based company engaged in the manufacture of cylinder liners. The Company produces cylinder liners, such as new shipping cylinder liners and replacement cylinder liners for large vessel main engines. The Companyâs products include MAN B&W type and SULZER type cylinder liners. The Company distributes its products to engine manufacturers and shipbuilders in domestic and overseas markets. The Companyâs main customers include Doosan Engine, China Engine Builder, Wartsila and STX. In addition, the Company is involved in the online game development and warehouse rental businesses. On August 8, 2014, the Companyâs stake in the Changhae Ethanol Co., Ltd decreased to 0%.
CAPE INDUSTRIES LTD. 
