SAMICK MUSICAL INSTRUMENT Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 02:15 am EDT
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SAMICK MUSICAL INSTRUMENT Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 91,673.94 million compared to KRW 105,956.05 million a year ago. Net income was KRW 3,409.88 million compared to KRW 19,271.26 million a year ago.
Basic earnings per share from continuing operations was KRW 42 compared to KRW 234 a year ago. Basic earnings per share was KRW 42 compared to KRW 234 a year ago.
SAMICK MUSICAL INSTRUMENT Co., Ltd is a Korea-based company mainly engaged in the manufacture and sale of musical instruments. The Company mainly manufactures pianos, including acoustic pianos with grand and upright series, and digital pianos. It also produces other musical instruments, such as guitars, violins, bass amplifiers, cellos, flutes, trumpets, saxophones, clarinets, ocarinas, harmonicas, drums, mixers, amplifiers and others. In addition, the Company engages in the piano rental and real estate rental businesses. The Company distributes its products within domestic market and to overseas markets. On September 16, 2014, it acquired land and building located in Seoul, for rental business.
SAMICK MUSICAL INSTRUMENT CO., LTD 
