EV Advanced Material Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:09 am
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EV Advanced Material 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 148.53 million compared to KRW 77.21 million a year ago. Net income was KRW 8,767.28 million compared to net loss of KRW 10,815.7 million a year ago. Basic earnings per share from continuing operations was KRW 140 compared to basic loss per share from continuing operations of KRW 365 a year ago. Diluted earnings per share from continuing operations was KRW 140 compared to diluted loss per share from continuing operations of KRW 365 a year ago. Basic earnings per share was KRW 140 compared to basic loss per share of KRW 365 a year ago.
For the six months, sales was KRW 422.9 million compared to KRW 87.71 million a year ago. Net income was KRW 9,564.24 million compared to net loss of KRW 10,923.02 million a year ago. Basic earnings per share from continuing operations was KRW 169 compared to basic loss per share from continuing operations of KRW 392 a year ago. Diluted earnings per share from continuing operations was KRW 169 compared to diluted loss per share from continuing operations of KRW 392 a year ago. Basic earnings per share was KRW 169 compared to basic loss per share of KRW 392 a year ago.
EV Advanced Material Co Ltd, formerly Act Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of flexible printed circuit boards (FPCBs). The Companyâs products include single side FPCBs, double side FPCBs, double access FPCBs, multi FPCBs and rigid FPCBs. The Companyâs products are used in mobile phones, tablet personal computers (PCs), transport stream processor (TSP) modules, plasma display panel (PDP) modules, liquid crystal display (LCD) modules, camera modules, televisions and others. The Company sells its products in domestic and overseas markets such as China, Japan, and Europe.