Nongshim Holdings Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 03:11 am EDT
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Nongshim Holdings Co.,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 660.93 million compared to KRW 564.09 million a year ago. Net income was KRW 12,130.07 million compared to KRW 11,059.95 million a year ago. Basic earnings per share from continuing operations was KRW 2,615 compared to KRW 2,385 a year ago. Basic earnings per share was KRW 2,615 compared to KRW 2,385 a year ago.
For the six months, sales was KRW 1,283.87 million compared to KRW 1,064.86 million a year ago. Net income was KRW 25,056.09 million compared to KRW 23,606.1 million a year ago. Basic earnings per share from continuing operations was KRW 5,403 compared to KRW 5,090 a year ago. Basic earnings per share was KRW 5,403 compared to KRW 5,090 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. 
