NongShim Holdings Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 03:00 am EDT
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NongShim Holdings Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 622.94 million compared to KRW 500.77 million a year ago. Net income was KRW 12,926.02 million compared to KRW 12,546.15 million a year ago. Basic earnings per share from continuing operations was KRW 2,787 compared to KRW 2,705 a year ago. Basic earnings per share was KRW 2,787 compared to KRW 2,705 a year ago.
Nongshim Holdings is a Korean holding company engaged in the management of subsidiaries. The Company's subsidiaries are NONGSHIM CO.,LTD, engaged in the manufacture and marketing of instant noodles and snacks; YOULCHON CHEMICAL CO.,LTD, engaged in the manufacture of flexible packaging materials, film products, corrugated boards and others; TAE KYUNG NONG SAN CO.,LTD, engaged in the processing of agricultural and seafood products, which are used as soup materials for instant noodles; Nong Shim Communications, engaged in the advertising business; Nong Shim Engineering co., Ltd., engaged in manufacture of industrial machines, nongshim development, engaged in the operation of sports facilities. On August 20, 2013, it decreased its holdings in a 50%-owned subsidiary, NONGSHIM COMMUNICATIONS CO.,LTD. to 0.7%. After that, the Company still holds a certain shares of NONGSHIM COMMUNICATIONS CO.,LTD.
NONGSHIM HOLDINGS CO.,LTD. 
