Osung Advanced Materials Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 11:36 pm EST
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Osung Advanced Materials Co., 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 555.42 million compared to KRW 446.05 million a year ago. Net income was KRW 5,090.16 million compared to net loss of KRW 4,100.35 million a year ago. Basic earnings per share from continuing operations was KRW 68 compared to basic loss per share from continuing operations of KRW 57 a year ago. Diluted earnings per share from continuing operations was KRW 63 compared to diluted loss per share from continuing operations of KRW 40 a year ago. Basic earnings per share was KRW 68 compared to basic loss per share of KRW 57 a year ago. Diluted earnings per share was KRW 63 compared to diluted loss per share of KRW 40 a year ago.
For the nine months, sales was KRW 1,387.64 million compared to KRW 18,001.43 million a year ago. Net income was KRW 9,136.17 million compared to KRW 7,701.67 million a year ago. Basic earnings per share from continuing operations was KRW 127 compared to KRW 107 a year ago. Diluted earnings per share from continuing operations was KRW 119 compared to KRW 118 a year ago. Basic earnings per share was KRW 127 compared to KRW 107 a year ago. Diluted earnings per share was KRW 119 compared to KRW 118 a year ago.
OSUNG ADVANCED MATERIALS CO., LTD., formerly OSUNG LST CO., LTD., is a Korea-based company principally engaged in the manufacture and sale of optical films. The products mainly consist of protective films, functional films, thermal barrier films and others. The Company is also involved in the real estate lease and power generation business.