Sungwoo Hitech Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 12:00 am EST
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Sungwoo Hitech 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 87,349.17 million compared to KRW 53,075.95 million a year ago. Net income was KRW 3,471.64 million compared to KRW 18,269.26 million a year ago. Basic earnings per share from continuing operations was KRW 43 compared to KRW 228 a year ago. Diluted earnings per share from continuing operations was KRW 43 compared to KRW 225 a year ago. Basic earnings per share was KRW 43 compared to KRW 228 a year ago.
For the nine months, sales was KRW 251,684.14 million compared to KRW 152,078.84 million a year ago. Net income was KRW 47,694.2 million compared to KRW 47,747.38 million a year ago. Basic earnings per share from continuing operations was KRW 596 compared to KRW 597 a year ago. Diluted earnings per share from continuing operations was KRW 596 compared to KRW 589 a year ago. Basic earnings per share was KRW 596 compared to KRW 597 a year ago.
SUNGWOO HITECH CO., LTD. is a Korea-based original equipment manufacturer (OEM) principally engaged in the provision of automobile components. The Companyâs products include bumper rails, side members, fender apron completes, center floor completes, hood assemblies, dash completes, floor panel components, package-tray centers, inner lowers, side sills, center pilers and others. It also involves in the distribution of steel products. The Company mainly distributes its products to Hyundai Motor Company, GM Daewoo Auto & Technology Company, KIA Motors Corporation and others.
SUNGWOO HITECH CO., LTD. 
