Shinsung Tongsang Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 14, 2024 at 02:36 am EST
Share
Shinsung Tongsang Co., Ltd. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was KRW 2,590.67 million compared to KRW 2,753.08 million a year ago. Net income was KRW 45,363.73 million compared to KRW 46,153.2 million a year ago. Basic earnings per share from continuing operations was KRW 316 compared to KRW 321 a year ago. Basic earnings per share was KRW 316 compared to KRW 321 a year ago.
For the six months, sales was KRW 4,562.05 million compared to KRW 4,363.77 million a year ago. Net income was KRW 41,987.63 million compared to KRW 59,558.01 million a year ago. Basic earnings per share from continuing operations was KRW 292 compared to KRW 414 a year ago. Basic earnings per share was KRW 292 compared to KRW 414 a year ago.
SHINSUNGTONGSANG.CO.,LTD. is a Korea-based company principally engaged in the manufacturing of apparels. The Company operates in two segments: manufacturing segment and retail segment. It is the original equipment manufacturer (OEM) of knit apparels such as shirts, sweaters, jackets and others, which provided to Gap, Old Navy, Target, WalMart and other buyers. It supplies its casual apparels under the brand name OLZEN, UNIONBAY, TOPTEN and ZIOZIA. Its retail segment provides foodstuff. It also involves in the rental business. The Company distributes its apparel products within domestic market and to overseas market.
SHINSUNG TONGSANG CO., LTD. 
