Daechang Forging Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:56 am
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Daechang Forging Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 3,233.19 million compared to KRW 4,026.91 million a year ago. Net income was KRW 12,480.82 million compared to KRW 11,792.41 million a year ago. Basic earnings per share from continuing operations was KRW 482 compared to KRW 455 a year ago. Basic earnings per share was KRW 482 compared to KRW 455 a year ago.
For the six months, sales was KRW 6,502.84 million compared to KRW 8,375.5 million a year ago. Net income was KRW 23,673.73 million compared to KRW 19,758 million a year ago. Basic earnings per share from continuing operations was KRW 914 compared to KRW 763 a year ago. Basic earnings per share was KRW 914 compared to KRW 763 a year ago.
DaeChang Forging Co., LTD. is a Korea-based company engaged in the manufacture of heavy machinery components and automobile parts. Its heavy machinery components include links, roller assemblies, track shoes, track chains, seals, pins, bushings, bolts and nuts, which are used for excavators, tractors and other heavy equipment. It also produces crank shafts used in engine parts of automobiles. The Company distributes its products within domestic market and to overseas markets.
DAECHANG FORGING CO., LTD. 
