LS Networks Corporation Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 03:02 am EDT
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LS Networks Corporation Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 17,737.89 million compared to KRW 16,515.17 million a year ago. Net income was KRW 5,778.24 million compared to KRW 20,869.81 million a year ago. Basic earnings per share from continuing operations was KRW 79 compared to KRW 284 a year ago. Basic earnings per share was KRW 79 compared to KRW 284 a year ago.
For the six months, sales was KRW 35,679.85 million compared to KRW 33,778.04 million a year ago. Net income was KRW 12,374.58 million compared to KRW 38,486.68 million a year ago. Basic earnings per share from continuing operations was KRW 168 compared to KRW 524 a year ago. Basic earnings per share was KRW 168 compared to KRW 524 a year ago.
LS Networks Corporation Limited is a Korea-based company engaged in the brand, distribution and leasing business. The Company operates in four business segments: brand segment, which distributes sportswear, outdoor apparels, shoes and others under the brand name PROSPECS, SKECHERS, MONT-BELL, Jack Wolfskin and others; distribution segment, which provides TOYOTA automobiles and maintenance services, as well as distributes imported bicycles and motorcycles; leasing segment, which engages in the leasing of office buildings and warehouses, and other segment, which engages in the fruits import agent business. The Company distributes its products within domestic market and to overseas markets. On May 1, 2013, the Company divested its Toyota dealer business into a newly established wholly owned subsidiary. On September 1, 2013, it merged with its wholly owned subsidiary, which is mainly engaged in the food sales.
LS NETWORKS CORPORATION LIMITED 
