Sangsangin Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:05 am EST
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Sangsangin Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 195,111.64 million compared to KRW 172,832.13 million a year ago. Net loss was KRW 24,850.27 million compared to net income of KRW 10,252.28 million a year ago. Basic loss per share from continuing operations was KRW 454 compared to basic earnings per share from continuing operations of KRW 187 a year ago. Diluted loss per share from continuing operations was KRW 454 compared to diluted earnings per share from continuing operations of KRW 187 a year ago. Basic loss per share was KRW 454 compared to basic earnings per share of KRW 187 a year ago.
For the nine months, sales was KRW 19,846.63 million compared to KRW 18,577.99 million a year ago. Net loss was KRW 59,676.2 million compared to net income of KRW 63,904.87 million a year ago. Basic loss per share from continuing operations was KRW 1,090 compared to basic earnings per share from continuing operations of KRW 1,168 a year ago. Diluted loss per share from continuing operations was KRW 1,090 compared to diluted earnings per share from continuing operations of KRW 1,161 a year ago. Basic loss per share was KRW 1,090 compared to basic earnings per share of KRW 1,168 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. 
