GnCenergy Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023
March 18, 2024 at 10:30 pm EDT
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GnCenergy Co., Ltd reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was KRW 140,064.43 million compared to KRW 123,292.95 million a year ago. Net income was KRW 11,389.42 million compared to KRW 27,394.92 million a year ago.
Basic earnings per share from continuing operations was KRW 739 compared to KRW 166 a year ago. Basic earnings per share was KRW 739 compared to KRW 1,727 a year ago.
GnCenergy Co., Ltd is a Korea-based company mainly engaged in the development and manufacture of electricity generation equipment. The Company operates three main businesses: diesel engine electricity generation business, small size cogeneration business and bio gas electricity generation business. Its main products are electricity generation equipment, such as diesel engine generators, gas generators, gas turbine generators and others. The Companyâs main customers consist of telecommunication companies, such as KT, SK Telecom and LG U+; information technology (IT) companies, such as Samsung SDS, LG CNS, SK C&C, NHN Corporation and others, and hardware companies, such as Samsung Electronics and LG Electronics.