Pungkang Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2012
June 25, 2012
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Pungkang Co., Ltd. reported earnings results for the third quarter and nine months ended May 31, 2012. For the quarter, the company's sales were KRW 22,847 million against KRW 19,668 million a year ago. Operating income was KRW 1,571 million against KRW 1,294 million a year ago. Profit from continuing operation before corporate income tax was KRW 1,864 million against KRW 1,288 million a year ago. Net income was KRW 1,804 million against KRW 1,250 million a year ago.
For the nine months, the company's sales were KRW 65,460 million against KRW 56,730 million a year ago. Operating income was KRW 4,046 million against KRW 4,192 million a year ago. Profit from continuing operation before corporate income tax was KRW 4,843 million against KRW 4,003 million a year ago. Net income was KRW 4,784 million against KRW 3,878 million 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.
PUNGKANG. CO., LTD. 
