Shinsung Tongsang Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 15, 2023 at 03:25 am EDT
Share
Shinsung Tongsang Co., Ltd. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was KRW 1,687.01 million compared to KRW 1,203.82 million a year ago. Net loss was KRW 2,664.76 million compared to KRW 1,953.04 million a year ago. Basic loss per share from continuing operations was KRW 19 compared to KRW 14 a year ago. Basic loss per share was KRW 19 compared to KRW 14 a year ago.
For the nine months, sales was KRW 6,050.78 million compared to KRW 4,949.26 million a year ago. Net income was KRW 57,136.41 million compared to KRW 47,080.32 million a year ago. Basic earnings per share from continuing operations was KRW 398 compared to KRW 328 a year ago. Basic earnings per share was KRW 398 compared to KRW 328 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. 
