Nongshim Holdings Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:25 am EDT
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Nongshim Holdings 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 6,382.58 million compared to KRW 6,044.89 million a year ago. Net income was KRW 17,133.74 million compared to KRW 12,130.07 million a year ago. Basic earnings per share from continuing operations was KRW 3,694 compared to KRW 2,615 a year ago. Basic earnings per share was KRW 3,694 compared to KRW 2,615 a year ago.
For the six months, sales was KRW 8,971.12 million compared to KRW 8,529.96 million a year ago. Net income was KRW 33,482.12 million compared to KRW 25,056.09 million a year ago. Basic earnings per share from continuing operations was KRW 7,219 compared to KRW 5,403 a year ago. Basic earnings per share was KRW 7,219 compared to KRW 5,403 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. 
