LS Networks Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:53 am EST
Share
LS Networks Corporation Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 18,042.92 million compared to KRW 18,308.54 million a year ago. Net loss was KRW 3,439.83 million compared to net income of KRW 15,189.97 million a year ago. Basic loss per share from continuing operations was KRW 47 compared to basic earnings per share from continuing operations of KRW 207 a year ago. Basic loss per share was KRW 47 compared to basic earnings per share of KRW 207 a year ago.
For the nine months, sales was KRW 53,722.77 million compared to KRW 52,086.58 million a year ago. Net income was KRW 8,934.76 million compared to KRW 53,676.65 million a year ago. Basic earnings per share from continuing operations was KRW 122 compared to KRW 730 a year ago. Basic earnings per share was KRW 122 compared to KRW 730 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 
