Hanil Iron & Steel Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 07:15 am
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Hanil Iron & Steel Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 53,092.27 million compared to KRW 63,166.45 million a year ago. Net loss was KRW 502.61 million compared to KRW 4,985.45 million a year ago. Basic loss per share from continuing operations was KRW 21 compared to KRW 205 a year ago. Diluted loss per share from continuing operations was KRW 21 compared to KRW 205 a year ago. Basic loss per share was KRW 21 compared to KRW 205 a year ago.
For the nine months, negative sales was KRW 0.0009 million compared to KRW 0.00048 million a year ago. Net income was KRW 326.86 million compared to net loss of KRW 2,469.98 million a year ago. Basic earnings per share from continuing operations was KRW 13 compared to basic loss per share from continuing operations of KRW 101 a year ago. Diluted earnings per share from continuing operations was KRW 13 compared to diluted loss per share from continuing operations of KRW 101 a year ago. Basic earnings per share was KRW 13 compared to basic loss per share of KRW 101 a year ago.
HANIL IRON& STEEL CO., LTD is a Korea-based company mainly engaged in the manufacture and sale of steel products. The Company produces and wholesales iron plates such as hot rolled steels, thick plates and shape steels used for automobile parts, ship machineries, construction, boilers and others. It also involves in the processing of coils and shots. In addition, the Company is engaged in the steel pipes and marine transportation business through its affiliated companies. It distributes its steel products within domestic market and to overseas markets.