CBI Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 04:49 am
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CBI 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 8,665.74 million compared to KRW 5,591.29 million a year ago. Net loss was KRW 7,920.78 million compared to net income of KRW 763.05 million a year ago. Basic loss per share from continuing operations was KRW 290 compared to basic earnings per share from continuing operations of KRW 40 a year ago. Diluted loss per share from continuing operations was KRW 290 compared to diluted earnings per share from continuing operations of KRW 40 a year ago. Basic loss per share was KRW 290 compared to basic earnings per share of KRW 40 a year ago.
For the nine months, sales was KRW 0.64208 million compared to KRW 85.65 million a year ago. Net loss was KRW 15,167.54 million compared to KRW 1,720.83 million a year ago. Basic loss per share from continuing operations was KRW 590 compared to KRW 100 a year ago. Diluted loss per share from continuing operations was KRW 590 compared to KRW 100 a year ago. Basic loss per share was KRW 590 compared to KRW 100 a year ago.
CBI Co Ltd, formerly Cheongbo Industrial Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of automotive parts. The Company manufactures and sells automotive engine parts and mission parts. The main products are bearing journal, valve tappet, hydraulic tensioner housing, fixture injector, lever, insert chamber, valve seat ring, among others. The Companyâs products are mainly used in diesel engines and transmissions.