Medience Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:04 am EDT
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Medience Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 245.27 million compared to KRW 182.93 million a year ago. Net loss was KRW 298.91 million compared to KRW 5,070.88 million a year ago. Basic loss per share from continuing operations was KRW 26 compared to KRW 439 a year ago. Diluted loss per share from continuing operations was KRW 26 compared to KRW 439 a year ago. Basic loss per share was KRW 26 compared to KRW 439 a year ago.
For the six months, sales was KRW 492.65 million compared to KRW 423.97 million a year ago. Net loss was KRW 2,091.54 million compared to KRW 9,670.94 million a year ago. Basic loss per share from continuing operations was KRW 185 compared to KRW 836 a year ago. Diluted loss per share from continuing operations was KRW 185 compared to KRW 836 a year ago. Basic loss per share was KRW 185 compared to KRW 836 a year ago.
Medience Co., LTD., formerly BORYUNG MEDIENCE CO.,LTD, is a Korea-based company mainly engaged in the manufacture and sale of mother and baby healthcare products. The Company operates its business through two segments. The Maternal and Child Life segment mainly produces and sells products including life health goods under the brand name of B & B; skin care products under the brand name of Dr. ato and THE PURE; feeding supplies such as bottles and nipples; toy and development articles under the brand name of Yookidoo; products under the brand name of I.MOM, and other products. The Fashion segment mainly develops and sells children's clothing under the brand of Chocolat and MUAA, among others.