The Willbes & CO., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:34 am EDT
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The Willbes & 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 56,852.38 million compared to KRW 72,572.08 million a year ago. Net loss was KRW 3,878.32 million compared to KRW 248.63 million a year ago. Basic loss per share from continuing operations was KRW 59 compared to KRW 4 a year ago. Diluted loss per share from continuing operations was KRW 59 compared to KRW 16 a year ago. Basic loss per share was KRW 59 compared to KRW 4 a year ago.
For the six months, sales was KRW 261.04 million compared to KRW 246.56 million a year ago. Net loss was KRW 9,596.59 million compared to net income of KRW 280.62 million a year ago. Basic loss per share from continuing operations was KRW 146 compared to basic earnings per share from continuing operations of KRW 4 a year ago. Diluted loss per share from continuing operations was KRW 146 compared to KRW 4 a year ago. Basic loss per share was KRW 146 compared to basic earnings per share of KRW 4 a year ago.
THE WILLBES & CO., LTD. is a Korea-based original equipment manufacturer (OEM) of textiles. The Company operates in two business divisions: fiber division and education division. Its fiber division provides knits, sweaters, woven products, microfibers and others, through its oversea subsidiaries. Its education division provides education services to various individuals, such as lawyers, diplomats, government officials, appraisers, labor attorneys and others. The Company mainly supplies its textile products to TARGET, OLD NAVY and WAL MART. On May 31, 2013, the Company acquired 100% shares of a Korea-based company, which is mainly engaged in the educational institute operations.
THE WILLBES & CO., LTD. 
