Taihan Textile Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:06 pm IST
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Taihan Textile Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 457.53 million compared to KRW 455.45 million a year ago. Net loss was KRW 647.86 million compared to net income of KRW 1,062.63 million a year ago. Basic loss per share from continuing operations was KRW 179 compared to basic earnings per share from continuing operations of KRW 296 a year ago. Basic loss per share was KRW 179 compared to basic earnings per share of KRW 296 a year ago.
For the nine months, sales was KRW 1,513.67 million compared to KRW 1,311.27 million a year ago. Net loss was KRW 4,724.03 million compared to net income of KRW 2,970.29 million a year ago. Basic loss per share from continuing operations was KRW 1,308 compared to basic earnings per share from continuing operations of KRW 827 a year ago. Basic loss per share was KRW 1,308 compared to basic earnings per share of KRW 827 a year ago.
TAIHANTEXTILE CO., LTD is a Korea-based company mainly engaged in the weaving, spinning and dyeing of fabrics. The Company operates its business in two segments: textile and construction. Its textile segment produces yarns such as cotton yarns, fancy yarns, vortex spinning yarns, velour yarns, melange yarns and slub yarns used for undershirts under the brand name of White Horse, as well as fabrics such as cotton woven fabrics and knit fabrics used for military uniforms, bedding interiors, shirts and jackets under the brand name RAINBOW. Its construction segment is mainly engaged in the construction of apartments. The Company distributes its products within domestic market and to overseas markets.
TAIHAN TEXTILE CO., LTD. 
