Pan Ocean Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 11:57 pm EST
Share
Pan Ocean 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 200,744 million compared to KRW 121,181 million a year ago. Net income was KRW 166,804 million compared to KRW 179,029 million a year ago. Basic earnings per share from continuing operations was KRW 312 compared to KRW 334 a year ago. Diluted earnings per share from continuing operations was KRW 312 compared to KRW 334 a year ago. Basic earnings per share was KRW 312 compared to KRW 334 a year ago.
For the nine months, sales was KRW 536,949 million compared to KRW 404,029 million a year ago. Net income was KRW 554,523 million compared to KRW 324,746 million a year ago. Basic earnings per share from continuing operations was KRW 1,037 compared to KRW 607 a year ago. Diluted earnings per share from continuing operations was KRW 1,037 compared to KRW 607 a year ago. Basic earnings per share was KRW 1,037 compared to KRW 607 a year ago.
Pan Ocean Co Ltd is a Korea-based company principally engaged in the provision of sea transportation services. The Company operates its business through two segments. The Shipping segment is engaged in the provision of sea transportation services using bulk carriers and non-bulk carriers. The bulk carriers include break bulk liners, trampers and large bulkers. The non-bulk carriers include tankers, containers, gas carriers and heavy lifters. This segment is engaged in the sea transportation of cargoes such as iron ores, coals, grains, containers, crude oil, crude oil, automobiles, liquefied natural gas (LNG), as well as special cargoes. In addition, this segment is engaged in the grain business, which purchases and sells grain to importers. The Other segment is involved of ship management business and leasing business.
PAN OCEAN CO., LTD. 
