SC Engineering Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 06:31 am
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SC Engineering Co., Ltd reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative sales was KRW 0.00082 million compared to KRW 55.3 million a year ago. Net income was KRW 733.53 million compared to net loss of KRW 84.69 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 2 a year ago. Diluted earnings per share from continuing operations was KRW 24 compared to diluted loss per share from continuing operations of KRW 2 a year ago. Basic earnings per share was KRW 24 compared to basic loss per share of KRW 2 a year ago.
For the six months, negative sales was KRW 0.00033 million compared to sales of KRW 0.00004 million a year ago. Net income was KRW 929.01 million compared to KRW 395.78 million a year ago. Basic earnings per share from continuing operations was KRW 30 compared to KRW 13 a year ago. Diluted earnings per share from continuing operations was KRW 30 compared to KRW 13 a year ago. Basic earnings per share was KRW 30 compared to KRW 13 a year ago.
SC Engineering Co., Ltd. is a Korea-based company principally engaged in the manufacturing and distribution of process equipment (PE) which are used in petro chemistry, oil refining, gas and power plants. The Company provides engineering services including engineering, procurement and construction (EPC) for precision chemical, biochemical, pharmaceuticals manufacturing, and food plants. Through its subsidiaries, SEWON CELLONTECH CO., LTD, SEWON CELLONTECH HYDRAULIC (SHANGHAI) CO., LTD., and RMS INNOVATIONS (U.K) LIMITED, the Company also involves in the production of chemical plant PE, including pressure vessels, reactors and columns; oil hydraulic equipment, including pumps, valves and cylinders; cell therapies, bio collagens, pharmaceuticals and cosmetics.