[Asia Economy Reporter Hwang Yoon-joo] SK Biopharm announced on the 24th that its subsidiary SK Life Science signed a pharmaceutical supply contract worth 61.5 billion KRW. This accounts for 14.69% of recent sales, and the contract period is from October 24, 2022, to January 31, 2023.
▲ Dongyang Steel Pipe = Announced on the 24th that it signed a contract to supply steel pipe piles for tanks #7 and #8 at the Gwangyang LNG Terminal worth 32 billion KRW with N2V. This accounts for 17.59% of sales, and the contract period is from October 21, 2022, to December 31, 2025.
▲ Cowintech = Announced on the 24th that it signed a manufacturing equipment supply contract worth 36.7 billion KRW with a global large corporation. This accounts for 34.56% of recent sales, and the contract period is from October 21, 2022, to January 31, 2024.
▲ STI = Announced on the 24th that it signed a semiconductor manufacturing equipment supply contract worth 91.5 billion KRW with Samsung Electronics. This accounts for 28.7% of recent sales, and the contract period is from October 21, 2022, to December 28, 2022.
▲ Hyundai Motor Company = Operating profit for Q3 was 1.5518 trillion KRW, down 3.4% year-on-year. Sales increased by 30.6% to 37.7054 trillion KRW, and net profit decreased by 5.1% to 1.4114 trillion KRW.
▲ POSCO Chemical = Operating profit for Q3 was 81.8 billion KRW, up 159.9% year-on-year. Sales increased by 108.6% to 1.0533 trillion KRW, and net profit rose by 60.5% to 65.6 billion KRW.
▲ POSCO International = Operating profit for Q3 was 197 billion KRW, up 32.7% year-on-year. Sales decreased by 1.2% to 9.0412 trillion KRW, and net profit increased by 63.5% to 112.7 billion KRW.
▲ POSCO M-Tech = Operating loss for Q3 was 2.9 billion KRW, turning to a deficit compared to the same period last year. Sales decreased by 13.5% to 75.2 billion KRW, and net loss was 2.1 billion KRW, also turning to a deficit.
▲ LOT Vacuum = LOTCIES announced on the 24th that it will absorb and merge its subsidiary Juyeong. Since LOTCIES owns 100% of Juyeong's shares, no new shares will be issued. The merger ratio is 1:0.
▲ Sewon ENC = Announced on the 24th that it signed a plant equipment supply contract worth 15.4 billion KRW. This accounts for 18.52% of recent sales, and the contract period is from October 24, 2022, to February 19, 2024.
▲ JB Financial Group = Operating profit for Q3 was 672.5 billion KRW, up 24.6% year-on-year. Sales increased by 29.6% to 831.1 billion KRW, and net profit rose by 24.5% to 171.6 billion KRW.
▲ Melpas = Melpas announced on the 24th that its creditor Cheongun Partners filed an injunction lawsuit to prohibit the holding of a shareholders' meeting at the Suwon District Court Seongnam Branch.
▲ NK = Announced on the 24th that it acquired 1.08 million shares of its affiliate ENK for 5.4 billion KRW to secure growth momentum through business stability and diversification. This accounts for 5.26% of equity capital.
▲ POSCO Holdings = Operating profit for Q3 was 900 billion KRW, down 71.0% year-on-year. Sales increased by 2.9% to 21.2 trillion KRW, and net profit decreased by 77.2% to 600 billion KRW.
▲ Hyundai Motor = Announced on the 24th that it will dispose of 1,277,500 common shares over-the-counter to provide company shares according to the 2022 collective bargaining agreement. The disposal price per share is 167,000 KRW, totaling 213.3 billion KRW. The disposal date is October 31, 2022.
▲ Ewha Electric = Announced on the 24th that it will adjust the conversion price of the 40th convertible bonds from 810 KRW to 705 KRW due to a decline in market price.
▲ Redrover = Announced on the 24th that it filed for rehabilitation proceedings at the Suwon District Court to restore management normalcy and preserve value as a going concern.
▲ Hanshin Engineering & Construction = Announced on the 24th that it won a contract worth 74.9 billion KRW for the Garojutaek redevelopment project at Geumgwang-dong 4071. This accounts for 5.7% of sales.
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