SC Engineering Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 12:49 am EDT
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SC Engineering Co., Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 36,445.06 million compared to KRW 13,602.22 million a year ago. Net loss was KRW 84.69 million compared to KRW 812.38 million a year ago. Basic loss per share from continuing operations was KRW 6 compared to KRW 28 a year ago. Basic loss per share was KRW 2 compared to KRW 28 a year ago. Diluted loss per share was KRW 2 compared to KRW 28 a year ago.
For the six months, negative sales was KRW 0.0008 million compared to sales of KRW 0.00085 million a year ago. Net income was KRW 395.78 million compared to net loss of KRW 1,431.94 million a year ago. Basic earnings per share from continuing operations was KRW 12 compared to basic loss per share from continuing operations of KRW 51 a year ago. Basic earnings per share was KRW 13 compared to basic loss per share of KRW 51 a year ago. Diluted earnings per share was KRW 13 compared to diluted loss per share of KRW 51 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.