SM Hwajin Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 04:13 am
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SM Hwajin Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 296.3 million compared to KRW 213.57 million a year ago. Net loss was KRW 601.68 million compared to KRW 1,102.9 million a year ago.
For the nine months, sales was KRW 475.54 million compared to KRW 477.76 million a year ago. Net income was KRW 1,516.16 million compared to net loss of KRW 3,525.72 million a year ago. Basic earnings per share from continuing operations was KRW 24.
SM Hwajin Co Ltd, formerly HWAJIN Co., Ltd., is a Korea-based company mainly engaged in the manufacture and sale of automobile interior components. The Company's products portfolio consists of wood grain products used for steeling wheels, rear switches, plate consoles, knob outers, keyboards, rear cases and others, and ion plasma evaporation (IPE) products used as painting and molding products for insert damper knobs, stop and start buttons, indicator cover switch body, wheel decoration rings, bezel covers and others. It also involves in the wholesale of automobile printings through its subsidiary. The Company' s main clients are Hyundai, KIA Motors, Ssangyong Motor, Nissan, Honda, LG Electronics and others. The Company distributes its products within domestic market and to overseas markets.
HWAJIN CO LTD 
