Histeel Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 06:39 am
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Histeel Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 50,398.09 million compared to KRW 32,583.42 million a year ago. Net income was KRW 3,339.16 million compared to KRW 460.73 million a year ago. Basic earnings per share from continuing operations was KRW 167 compared to KRW 23.1 a year ago. Basic earnings per share was KRW 167 compared to KRW 231 a year ago.
For the nine months, sales was KRW 0.00043 million compared to KRW 0.00055 million a year ago. Net income was KRW 13,949.57 million compared to net loss of KRW 1,853.55 million a year ago. Basic earnings per share from continuing operations was KRW 698 compared to basic loss per share from continuing operations of KRW 92.7 a year ago. Basic earnings per share was KRW 698 compared to basic loss per share of KRW 927 a year ago.
Hi Steel Co Ltd is a Korea-based company principally engaged in the manufacture and sale of steel pipes. The Company is principally engaged in the manufacture and sale of round steel pipes such as steel pipes for energy transportation, pipes for oil refining, petrochemicals and power generation plants, steel pipes for general structures, steel pipes for marine structures, steel pipes for offshore piles, carbon steel pipes for piping, carbon steel pipes for machine structures, steel pipes for special structures, steel pipes for architectural structures as well as others. In addition, the Company is also engaged in the manufacture and sale of square steel pipes such as square steel pipes for general structures, square pipes for special structures, square pipes for architectural structures, large-diameter square pipes as well as others.