Keyang Electric Machinery Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months of 2012
July 16, 2012
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Keyang Electric Machinery Co., Ltd. reported earnings results for the second quarter and six months of 2012. For the quarter, the company reported sales of KRW 62,567 million against KRW 59,687 million for the same period in the last year. Operating income was KRW 4,652 million against KRW 4,394 million for the same period in the last year. Net profit from continuing operation before corporate income tax was KRW 4,547 million against KRW 4,564 million for the same period in the last year. Net income was KRW 3,644 million against KRW 3,547 million for the same period in the last year.
For the six months, the company reported sales of KRW 122,402 million against KRW 112,392 million for the same period in the last year. Operating income was KRW 8,552 million against KRW 8,589 million for the same period in the last year. Net profit from continuing operation before corporate income tax was KRW 8,882 million against KRW 9,065 million for the same period in the last year. Net income was KRW 7,118 million against KRW 7,044 million for the same period in the last year.
KEYANG ELECTRIC MACHINERY Co., Ltd. is a Korea-based company engaged in the manufacture and sale of industrial tools and automotive parts. The Company's product portfolio consists of industrial tools, including cordless tools, grinders, hammers, drills, cutting tools, planning tools, polishing tools, screwing tools, compressors, welding machines and others, and electrical devices, such as direct current (DC) motors for automobiles, including seat motors, window motors and motors used in power train applications, engine applications and chassis applications. The Company distributes its products within domestic market and to overseas markets.
KEYANG ELECTRIC MACHINERY CO., LTD. 
