Westrise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:01 am EST
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Westrise 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 540.12 million compared to KRW 3,566.23 million a year ago. Net income was KRW 4,452.21 million compared to net loss of KRW 1,953.44 million a year ago. Basic earnings per share from continuing operations was KRW 126 compared to basic loss per share from continuing operations of KRW 178 a year ago. Diluted earnings per share from continuing operations was KRW 126 compared to diluted loss per share from continuing operations of KRW 178 a year ago. Basic earnings per share was KRW 126 compared to basic loss per share of KRW 178 a year ago.
For the nine months, sales was KRW 4,152.22 million compared to KRW 16,734.69 million a year ago. Net loss was KRW 815.65 million compared to KRW 5,260.69 million a year ago. Basic loss per share from continuing operations was KRW 31 compared to KRW 479 a year ago. Diluted loss per share from continuing operations was KRW 31 compared to KRW 479 a year ago. Basic loss per share was KRW 31 compared to KRW 479 a year ago.
Westrise Co Ltd, formerly FN Republic Co Ltd, is a Korea-based company mainly engaged in general product wholesale business. As a fashion and beauty brand distribution and marketing platform company, the Company is engaged in overseas clothing distribution and marketing business focusing on fashion clothing and miscellaneous goods. The Company is engaged in the wholesale and retail of cosmetics. The company mainly operates its business in China.