Cosmo Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 07:40 am
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Cosmo Chemical Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 284.8 million compared to KRW 361.42 million a year ago. Net loss was KRW 5,505.3 million compared to net income of KRW 4,958.82 million a year ago.
Basic loss per share from continuing operations was KRW 157 compared to basic earnings per share from continuing operations of KRW 158.9286 a year ago. Diluted loss per share from continuing operations was KRW 157 compared to diluted earnings per share from continuing operations of KRW 158.9286 a year ago. Basic loss per share was KRW 157 compared to basic earnings per share of KRW 178 a year ago.
COSMO CHEMICAL CO., LTD. is a Korea-based company mainly engaged in the manufacture of titanium dioxides. The Company produces titanium dioxides, which are used in rubbers, papers, resins, paints, bricks, electronic components, multi layer ceramic capacitors (MLCCs), catalysts and others under the brand name COTIOX KA-100 and COTIOX KA- 300. It also provides cobalt sulfates, including liquid cobalt sulfates, solid cobalt sulfates and cathode coppers, which are used for secondary lithium batteries, paint desiccants, cobalt pigments, tire bonds, electricity and communication cables, construction materials and others; water treatment agents, such as ferrous sulfates, poly ferric sulfates, liquid ferrous sulfates, gypsums and others, which are used in wastewater treatment agents, construction materials and other industries. The Company distributes its products within domestic market and to overseas markets.