Young Poong Paper Mfg Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:44 am EDT
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Young Poong Paper Mfg 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 1,223.55 million compared to KRW 2,011.04 million a year ago. Net loss was KRW 1,143.3 million compared to net income of KRW 2,134.54 million a year ago. Basic loss per share from continuing operations was KRW 25 compared to basic earnings per share from continuing operations of KRW 48 a year ago. Diluted loss per share from continuing operations was KRW 25 compared to diluted earnings per share from continuing operations of KRW 48 a year ago. Basic loss per share was KRW 25 compared to basic earnings per share of KRW 48 a year ago.
For the six months, sales was KRW 2,620.39 million compared to KRW 4,030.84 million a year ago. Net loss was KRW 1,332.23 million compared to net income of KRW 3,669.01 million a year ago. Basic loss per share from continuing operations was KRW 29 compared to basic earnings per share from continuing operations of KRW 83 a year ago. Diluted loss per share from continuing operations was KRW 29 compared to diluted earnings per share from continuing operations of KRW 83 a year ago. Basic loss per share was KRW 29 compared to basic earnings per share of KRW 83 a year ago.
YOUNG POONG PAPER MFG. CO., LTD is a Korea-based company mainly engaged in the manufacture of paper boards. The Company provides two categories of products: core boards and liner boards. Its core boards are used in manufacturing of paper cores and paper tubes. Its liner boards are used in manufacturing of corrugated cardboards and corrugated boxes. In addition, the Company is engaged in the real estate rental business. The Company distributes its products within domestic market and to overseas markets.
YOUNG POONG PAPER MFG CO.,LTD. 
