Incheon City Gas Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 03:56 am EST
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Incheon City Gas 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 1,259.61 million compared to KRW 1,170.64 million a year ago. Net income was KRW 60.27 million compared to net loss of KRW 2,468.87 million a year ago. Basic earnings per share from continuing operations was KRW 15 compared to basic loss per share from continuing operations of KRW 599 a year ago. Diluted earnings per share from continuing operations was KRW 15 compared to diluted loss per share from continuing operations of KRW 599 a year ago. Basic earnings per share was KRW 15 compared to basic loss per share of KRW 599 a year ago.
For the nine months, sales was KRW 3,901.79 million compared to KRW 3,479.63 million a year ago. Net income was KRW 12,700.06 million compared to KRW 2,106.75 million a year ago. Basic earnings per share from continuing operations was KRW 3,081 compared to KRW 511 a year ago. Diluted earnings per share from continuing operations was KRW 3,081 compared to KRW 511 a year ago. Basic earnings per share was KRW 3,081 compared to KRW 511 a year ago.
INCHEON CITY GAS CO., LTD is a Korea-based company mainly engaged in the provision of natural gas. The Company provides liquefied natural gas (LNG) used for cooking and heating, industrial engineering production, compressed natural gas stations and others. It supplies gases to Bupyeong-gu and Gyeyang-gu, Incheon, Ganghwa-gun, part of Namdong-gu, Jung-gu, Daegot-myeon and Walgot-myeon Gimpo-si and others. In addition, the Company operates compressed natural gas (CNG) charging stations in Incheon International Airport, and customer service (CS) center and others.