KOSSEN Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:18 am
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KOSSEN 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 17,102.88 million compared to KRW 13,569.61 million a year ago. Net income was KRW 182.33 million compared to KRW 308.71 million a year ago. Basic earnings per share from continuing operations was KRW 14 compared to KRW 33 a year ago. Diluted earnings per share from continuing operations was KRW 14 compared to KRW 33 a year ago. Basic earnings per share was KRW 10 compared to KRW 33 a year ago.
For the nine months, sales was KRW 48,422.98 million compared to KRW 32,876.8 million a year ago. Net income was KRW 1,036.42 million compared to net loss of KRW 1,485.06 million a year ago. Basic earnings per share from continuing operations was KRW 60 compared to basic loss per share from continuing operations of KRW 160 a year ago. Diluted earnings per share from continuing operations was KRW 60 compared to diluted loss per share from continuing operations of KRW 160 a year ago. Basic earnings per share was KRW 60 compared to basic loss per share of KRW 160 a year ago.
IREM Co Ltd, formerly KOSSEN Co.,Ltd., is a Korea-based company engaged in the manufacture and sale of stainless steel pipes. The Company is engaged in the manufacture and sale of stainless steel tubes used in component materials of the ships, aircrafts and automobiles, food and alcoholic beverages manufacturing equipments, petrochemical and paper manufacturing equipments, construction materials and others.