Cape Industries Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:05 am EST
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Cape Industries Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 484.18 million compared to KRW 449.15 million a year ago. Net loss was KRW 3,304.32 million compared to KRW 5,274 million a year ago. Basic loss per share from continuing operations was KRW 113 compared to KRW 171 a year ago. Basic loss per share was KRW 113 compared to KRW 171 a year ago.
For the nine months, sales was KRW 1,097.43 million compared to KRW 1,742.04 million a year ago. Net income was KRW 12,574.8 million compared to net loss of KRW 681.61 million a year ago. Basic earnings per share from continuing operations was KRW 428 compared to basic loss per share from continuing operations of KRW 22 a year ago. Diluted earnings per share from continuing operations was KRW 428. Basic earnings per share was KRW 428 compared to basic loss per share of KRW 22 a year ago.
CAPE INDUSTRIES LTD., formerly SOCIAL MEDIA NINETY NINE LTD., is a Korea-based company engaged in the manufacture of cylinder liners. The Company produces cylinder liners, such as new shipping cylinder liners and replacement cylinder liners for large vessel main engines. The Companyâs products include MAN B&W type and SULZER type cylinder liners. The Company distributes its products to engine manufacturers and shipbuilders in domestic and overseas markets. The Companyâs main customers include Doosan Engine, China Engine Builder, Wartsila and STX. In addition, the Company is involved in the online game development and warehouse rental businesses. On August 8, 2014, the Companyâs stake in the Changhae Ethanol Co., Ltd decreased to 0%.
CAPE INDUSTRIES LTD. 
