HYSONIC Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 08:01 am
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HYSONIC 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 229.48 million compared to KRW 0.00028 million a year ago. Net income was KRW 1,051.94 million compared to net loss of KRW 1,612.23 million a year ago. Basic earnings per share from continuing operations was KRW 79 compared to KRW 34 a year ago. Diluted earnings per share from continuing operations was KRW 79 compared to KRW 34 a year ago. Basic earnings per share was KRW 79 compared to basic loss per share of KRW 158 a year ago. Diluted earnings per share was KRW 79 compared to diluted loss per share of KRW 158 a year ago.
For the nine months, sales was KRW 663.24 million compared to KRW 0.00044 million a year ago. Net income was KRW 2,018.39 million compared to net loss of KRW 5,367.76 million a year ago. Basic earnings per share from continuing operations was KRW 167 compared to basic loss per share from continuing operations of KRW 284 a year ago. Diluted earnings per share from continuing operations was KRW 167 compared to diluted loss per share from continuing operations of KRW 284 a year ago. Basic earnings per share was KRW 157 compared to basic loss per share of KRW 592 a year ago. Diluted earnings per share was KRW 157 compared to diluted loss per share of KRW 592 a year ago.
HYSONIC Co., Ltd., formerly G2HYSONIC Co., Ltd., is a Korea-based company principally engaged in the manufacturing of auto focus (AF) actuators. The Company mainly manufactures precision micro miniature electro mechanical actuator products including AF actuators, optical image stabilizer actuators and smooth picture actuators for mobile handset camera application and optical application. The Company's customers include HUAWEI, Liteon, LG Innotek, CammSys Corp and others. It distributes its products within domestic market and to overseas markets.