Shinsung Tongsang Co., Ltd. Reports Earnings Results for the First Quarter Ended September 30, 2021
November 15, 2021 at 01:47 pm IST
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Shinsung Tongsang Co., Ltd. reported earnings results for the first quarter ended September 30, 2021. For the first quarter, the company reported sales was KRW 1,450.84 million compared to KRW 1,282.99 million a year ago. Net income was KRW 4,773.01 million compared to net loss of KRW 3,110.51 million a year ago. Basic earnings per share from continuing operations was KRW 33 compared to basic loss per share from continuing operations of KRW 22 a year ago. Basic earnings per share was KRW 33 compared to basic loss per share of KRW 22 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.