MDS Tech Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 07:08 am
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MDS Tech Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 37,867.22 million compared to KRW 35,736.93 million a year ago. Net income was KRW 2,089.52 million compared to net loss of KRW 3,520.23 million a year ago. Basic earnings per share from continuing operations was KRW 24 compared to basic loss per share from continuing operations of KRW 42 a year ago. Basic earnings per share was KRW 24 compared to basic loss per share of KRW 42 a year ago. Diluted earnings per share was KRW 24 compared to diluted loss per share of KRW 42 a year ago.
For the nine months, sales was KRW 111,867.88 million compared to KRW 113,797.23 million a year ago. Net income was KRW 7,187.51 million compared to net loss of KRW 5,742.36 million a year ago. Basic earnings per share from continuing operations was KRW 88 compared to basic loss per share from continuing operations of KRW 933 a year ago. Basic earnings per share was KRW 88 compared to basic loss per share of KRW 69 a year ago. Diluted earnings per share was KRW 88 compared to diluted loss per share of KRW 69 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. 
