Shinsegae International Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 12:45 pm IST
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Shinsegae International Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 2,062.01 million compared to KRW 1,178.24 million a year ago. Net income was KRW 33,210.08 million compared to KRW 19,088.65 million a year ago. Basic earnings per share from continuing operations was KRW 930 compared to KRW 535 a year ago. Basic earnings per share was KRW 930 compared to KRW 535 a year ago.
For the six months, sales was KRW 4,807.42 million compared to KRW 2,403.02 million a year ago. Net income was KRW 59,924.7 million compared to KRW 42,506.09 million a year ago. Basic earnings per share from continuing operations was KRW 1,679 compared to KRW 1,191 a year ago. Basic earnings per share was KRW 1,679 compared to KRW 1,191 a year ago.
Shinsegae International Inc is a Korea-based company principally engaged in the distribution of clothing. The Company operates its business through two segments. The Fashion Lifestyle segment imports overseas fashion brands directly into Korea and sells them through distribution channels, as well as plans and produces casual brands such as women's clothing and lifestyle brands. The Cosmetic segment plans and produces overseas and self-production cosmetic brands. The Company sells its products within domestic market and to overseas markets.