NOROO Holdings Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 06:51 am
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NOROO Holdings Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 9,051.08 million compared to KRW 9,835.34 million a year ago. Net income was KRW 10,629.94 million compared to KRW 3,518.1 million a year ago. Basic earnings per share from continuing operations was KRW 1,014 compared to KRW 337 a year ago. Basic earnings per share was KRW 1,014 compared to KRW 337 a year ago.
For the nine months, sales was KRW 26,095 million compared to KRW 29,113.81 million a year ago. Net income was KRW 16,317.86 million compared to KRW 7,404.64 million a year ago. Basic earnings per share from continuing operations was KRW 1,557 compared to KRW 710 a year ago. Basic earnings per share was KRW 1,557 compared to KRW 710 a year ago.
NOROO HOLDINGS CO., LTD. is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs main subsidiaries consist of NOROO PAINT CO., LTD., which is engaged in the manufacturing of industrial coatings; NOROO Chemicals Co., Ltd., which is engaged in the manufacturing of construction coatings, unsaturated polyester resins (UPRs) and others; NOROO Automotive Coatings Co., Ltd., which is engaged in the manufacturing of automobile coatings and others; IPK CO., LTD., which is engaged in the manufacturing of paints for vessels and heavy-duty purposes; NOROO Bee Chemical Co., Ltd., which is engaged in the manufacture of plastic paints for motors or home appliances, among others. On January 15, 2014, the Company acquired a 100% stake in NOROO KIBAN CO., LTD., engaged in the processing, distributing and sale of agricultural products.
NOROO HOLDINGS CO., LTD. 
