STX Heavy Industries Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 03:51 am EDT
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STX Heavy Industries Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 57,382.22 million compared to KRW 50,935.68 million a year ago. Net income was KRW 715.11 million compared to net loss of KRW 10,677.63 million a year ago. Basic earnings per share from continuing operations was KRW 25 compared to basic loss per share from continuing operations of KRW 376 a year ago. Diluted earnings per share from continuing operations was KRW 25 compared to diluted loss per share from continuing operations of KRW 376 a year ago. Basic earnings per share was KRW 25 compared to basic loss per share of KRW 376 a year ago.
For the six months, sales was KRW 79,091.1 million compared to KRW 78,225 million a year ago. Net loss was KRW 913.06 million compared to KRW 16,561.28 million a year ago. Basic loss per share from continuing operations was KRW 32 compared to KRW 584 a year ago. Diluted loss per share from continuing operations was KRW 32 compared to KRW 584 a year ago. Basic loss per share was KRW 32 compared to KRW 584 a year ago.
STX Heavy Industries Co., LTD is a Korea-based company mainly engaged in the manufacture of ship engine components. The Company operates its business mainly through engine component segment and shipbuilding material segment. Its engine component segment mainly produces diesel engine components, including cylinder blocks, crank shafts, cylinder liners and turbochargers, cylinder heads, pistons, cam shafts and connecting rods, which are used in ships and power generators. Its shipbuilding material segment provides cargo oil pump systems, liquefied natural gas carrier (LNGC) insulation boxes, heavy fuel oil (HFO) supply system units and purifier units. On December 3, 2013, KDB and KOREA FINANCE CORPORATION respectively subscribed 15.99% and a 3.90% stake in the Company. After the private placement, KDB and KOREA FINANCE CORPORATION became the Company's top shareholder, replacing STX Engine Co,.Ltd and four related parties, which held a combined 61.94 pct stake in the Company.
STX HEAVY INDUSTRIES CO., LTD. 
