Sangsangin Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:37 am EDT
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Sangsangin 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 267,383.42 million compared to KRW 189,775.49 million a year ago. Net loss was KRW 20,624.78 million compared to net income of KRW 18,929.4 million a year ago. Basic loss per share from continuing operations was KRW 377 compared to basic earnings per share from continuing operations of KRW 346 a year ago. Diluted loss per share from continuing operations was KRW 377 compared to diluted earnings per share from continuing operations of KRW 344 a year ago. Basic loss per share was KRW 377 compared to basic earnings per share of KRW 346 a year ago.
For the six months, sales was KRW 494,372.52 million compared to KRW 364,269.98 million a year ago. Net loss was KRW 34,825.94 million compared to net income of KRW 53,652.59 million a year ago. Basic loss per share from continuing operations was KRW 636 compared to basic earnings per share from continuing operations of KRW 980 a year ago. Diluted loss per share from continuing operations was KRW 636 compared to diluted earnings per share from continuing operations of KRW 975 a year ago. Basic loss per share was KRW 636 compared to basic earnings per share of KRW 980 a year ago.
Sangsangin Co., Ltd., formerly Texcell-Netcom Co., Ltd., is a Korea-based company mainly engaged in the provision of network solutions. The Company operates its business through three main divisions: communication division, information service division and financial division. Its communication division provides network equipment, design and construction of network system services, as well as maintenance services. Its information service division provides digital contents, such as movies, broadcasting programs, videos and others. Its financial division provides financial services. The Company also provides relays, which are used as core components for household appliances, industrial equipment, communication equipment and others.
SANGSANGIN CO., LTD. 
