Kyungbangco.Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 02:33 am EDT
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Kyungbangco.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 98,396.75 million compared to KRW 93,960.38 million a year ago. Net loss was KRW 690.08 million compared to net income of KRW 10,382.73 million a year ago. Basic loss per share from continuing operations was KRW 28 compared to basic earnings per share from continuing operations of KRW 405 a year ago. Diluted loss per share from continuing operations was KRW 28 compared to diluted earnings per share from continuing operations of KRW 405 a year ago. Basic loss per share was KRW 28 compared to basic earnings per share of KRW 405 a year ago.
For the six months, sales was KRW 1,298.89 million compared to KRW 1,698.91 million a year ago. Net income was KRW 14,440.78 million compared to KRW 17,222.22 million a year ago. Basic earnings per share from continuing operations was KRW 579 compared to KRW 667 a year ago. Diluted earnings per share from continuing operations was KRW 579 compared to KRW 667 a year ago. Basic earnings per share was KRW 579 compared to KRW 667 a year ago.
Kyungbang Ltd is a Korea-based company principally engaged in the manufacture and distribution of fabric products. The Company operates its business through three segments. The Complex Shopping Mall Business segment mainly operates times square, hotels, and department stores. The Textile Business segment manufactures and sells products such as yarn, cloth, and apparel. The Other Business segment provides real estate consulting services. The Company sells its products in domestic and overseas markets such as Asia and the Americas.