Deutsch Motors Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:50 am
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Deutsch Motors Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 7,605.83 million compared to KRW 6,494.9 million a year ago. Net income was KRW 6,342.61 million compared to KRW 7,570.18 million a year ago. Basic earnings per share from continuing operations was KRW 447 compared to KRW 502 a year ago. Diluted earnings per share from continuing operations was KRW 397 compared to KRW 449 a year ago. Basic earnings per share was KRW 447 compared to KRW 502 a year ago. Diluted earnings per share was KRW 397 compared to KRW 449 a year ago.
For the nine months, sales was KRW 22,001.42 million compared to KRW 18,830.09 million a year ago. Net income was KRW 31,007.88 million compared to KRW 28,817.83 million a year ago. Basic earnings per share from continuing operations was KRW 1,042 compared to KRW 987 a year ago. Diluted earnings per share from continuing operations was KRW 967 compared to KRW 909 a year ago. Basic earnings per share was KRW 1,042 compared to KRW 987 a year ago. Diluted earnings per share was KRW 967 compared to KRW 909 a year ago.
DEUTSCH MOTORS INC. is a Korea-based company engaged in the marketing of imported automobiles. The Company mainly markets imported automobiles under the brand name BMW, such as BMW 1 series, BMW 3 series, BMW 5 series, BMW 6 series, BMW 7 series, BMW M series, BMW X series, BMW Z4 series, BMW Gran Turismo and BMW ActiveHybrid, as well as imported cars under the brand name MINI COOPER. The Company is also engaged in the sale of used automobiles and leasing business. In addition, it involves in the provision of after services, repair and other related services.