Ilshin Spinning Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:41 am EDT
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Ilshin Spinning 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 0.00023 million compared to negative sales of KRW 0.00015 million a year ago. Net loss was KRW 6,493.43 million compared to net income of KRW 7,880.43 million a year ago. Basic loss per share from continuing operations was KRW 286 compared to basic earnings per share from continuing operations of KRW 348 a year ago. Diluted loss per share from continuing operations was KRW 286 compared to diluted earnings per share from continuing operations of KRW 348 a year ago. Basic loss per share was KRW 286 compared to basic earnings per share of KRW 348 a year ago.
For the six months, negative sales was KRW 0.00016 million compared to sales of KRW 0.00037 million a year ago. Net income was KRW 1,254.15 million compared to KRW 22,633.64 million a year ago. Basic earnings per share from continuing operations was KRW 55 compared to KRW 1,000 a year ago. Diluted earnings per share from continuing operations was KRW 55 compared to KRW 1,000 a year ago. Basic earnings per share was KRW 55 compared to KRW 1,000 a year ago.
ILSHIN SPINNING CO., LTD is a Korea-based company principally engaged in the manufacture of textiles. The Company operates in five business divisions. Its textile division provides three categories of textiles: yarns, including combed cotton yarns, core spun yarns and blended yarns; dyed yarns and dyed fabrics, including rayon-blended yarns, cotton yarns, cotton knitted fabrics, cotton-blended fabrics and others, as well as fabric products. Its cosmetics division distributes cosmetics under the brand name of THE BODY SHOP. Its investment division involves in the venture capital business. Its wine division imports overseas wines and distributes them to domestic market. Its property leasing division involves in the leasing of commercial and industrial buildings.
ILSHIN SPINNING CO., LTD 
