PungKang. Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended February 28, 2023
April 14, 2023 at 01:26 am EDT
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PungKang. Co., Ltd. reported earnings results for the second quarter and six months ended February 28, 2023. For the second quarter, the company reported sales was KRW 23,215.64 million compared to KRW 20,493.63 million a year ago. Net income was KRW 1,022.41 million compared to KRW 1,466.75 million a year ago. Basic earnings per share from continuing operations was KRW 107 compared to KRW 153 a year ago. Basic earnings per share was KRW 107 compared to KRW 153 a year ago.
For the six months, sales was KRW 109.1 million compared to KRW 87.43 million a year ago. Net income was KRW 3,626.2 million compared to KRW 1,463.79 million a year ago. Basic earnings per share from continuing operations was KRW 378 compared to KRW 153 a year ago. Basic earnings per share was KRW 378 compared to KRW 153 a year ago.
PungKang.Co.,Ltd is a Korea-based company principally engaged in the manufacture and distribution of nuts for automobiles. The Companyâs products include weld nuts, lock nuts, flange nuts, wheel nuts, plate nuts, conical nuts and hex nuts. The Companyâs main clients are HYUNDAI MOTOR CO, KIA MOTORS CORPORATION, GM Daewoo Auto & Technology Company, Tata Daewoo Commercial Vehicle Co., LTD., Ssangyong Motor Company, Renault Samsung Motors Co., Ltd. and others. The Company distributes its business in domestic market and to overseas market.