MDS Tech Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 07:45 am
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MDS Tech Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 38,402.99 million compared to KRW 39,136.34 million a year ago. Net loss was KRW 3,629.29 million compared to net income of KRW 3,293.19 million a year ago. Basic loss per share was KRW 43.9 compared to basic earnings per share of KRW 40 a year ago. Diluted loss per share was KRW 43.9 compared to diluted earnings per share of KRW 40 a year ago.
For the six months, sales was KRW 78,060.31 million compared to KRW 79,799.54 million a year ago. Net loss was KRW 2,222.13 million compared to net income of KRW 4,373.23 million a year ago. Basic loss per share was KRW 26.9 compared to basic earnings per share of KRW 53.1 a year ago. Diluted loss per share was KRW 26.9 compared to diluted earnings per share of KRW 53.1 a year ago.
MDS Tech Inc, formerly Hancom MDS Inc, is a Korea-based company mainly engaged in provision of embedded software development and embedded development solutions. The Company operates its business through five segments. The Innovation Business Manager segment mainly provides solutions and services such as autonomous driving, advanced driver assistance system development solutions and embedded operating systems. The Convergence Business Manager segment provides solutions and services such as development solutions and system automation solutions. Hancom's Intelligence segment provides solutions and services such as core solutions for the 4th industry, artificial intelligence (AI) platforms, and Internet of Things (IoT) solutions. The Domestic Subsidiary segment operates businesses such as communication modules, robots, and shared services. The Overseas Subsidiary segment provides services such as embedded operating systems (OS) to China, Australia, Singapore, and India.
MDS TECH INC. 
