PaperCorea Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:56 am EDT
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PaperCorea Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 104,074.58 million compared to KRW 97,490.68 million a year ago. Net income was KRW 2,433.48 million compared to net loss of KRW 655.75 million a year ago. Basic earnings per share from continuing operations was KRW 51 compared to basic loss per share from continuing operations of KRW 15 a year ago. Diluted earnings per share from continuing operations was KRW 51 compared to diluted loss per share from continuing operations of KRW 15 a year ago. Basic earnings per share was KRW 51 compared to basic loss per share of KRW 15 a year ago.
For the six months, sales was KRW 219.72 million compared to KRW 700.71 million a year ago. Net income was KRW 2,929.83 million compared to net loss of KRW 4,082.09 million a year ago. Basic earnings per share from continuing operations was KRW 62 compared to basic loss per share from continuing operations of KRW 93 a year ago. Diluted earnings per share from continuing operations was KRW 62 compared to diluted loss per share from continuing operations of KRW 93 a year ago. Basic earnings per share was KRW 62 compared to basic loss per share of KRW 93 a year ago.
PaperCorea Inc. is mainly engaged in the manufacture and sale of newsprint papers. The Company, together with four subsidiaries, operates in five divisions. Its paper division engages in the manufacture of printing papers, such as newsprint papers, papers for comic books, papers for telephone directories, publication papers and medium quality papers, as well as industrial papers, such as sack kraft papers, environmentally friendly products and specialty papers. Its structural steel division engages in the manufacture of structured steels and steel frames, as well as provision of operation and maintenance services for plants. Its printing material division engages in the manufacture of polyethylene terephthalate (PET) films used as ink jet media, coatings and electronic materials. Its electricity division engages in the provision of electricity with fuel batteries. Its education division engages in the provision of class course services, teaching materials and others.
PAPERCOREA INC. 
