Kukdong Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:22 am
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Kukdong Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 88,067.28 million compared to KRW 62,219.09 million a year ago. Net income was KRW 6,578.12 million compared to net loss of KRW 1,177.84 million a year ago. Basic earnings per share from continuing operations was KRW 121 compared to basic loss per share from continuing operations of KRW 24 a year ago. Diluted earnings per share from continuing operations was KRW 121 compared to diluted loss per share from continuing operations of KRW 24 a year ago. Basic earnings per share was KRW 121 compared to basic loss per share of KRW 24 a year ago.
For the nine months, sales was KRW 247,907.9 million compared to KRW 158,763.08 million a year ago. Net income was KRW 5,307.97 million compared to net loss of KRW 5,741.88 million a year ago. Basic earnings per share from continuing operations was KRW 98 compared to basic loss per share from continuing operations of KRW 119 a year ago. Diluted earnings per share from continuing operations was KRW 90 compared to diluted loss per share from continuing operations of KRW 119 a year ago. Basic earnings per share was KRW 98 compared to basic loss per share of KRW 119 a year ago. Diluted earnings per share was KRW 90.
KUKDONG CORPORATION is a Korea-based company engaged in the original equipment manufacturing (OEM) of men's and women's knit apparels. The Company mainly provides knitwear and woven clothes. The Company's main clients comprise NIKE, HEMA, FOREVER 21, HEMA, CARHARTT, VF and others. In addition, the Company provides health care food. The Company mainly distributes its apparels to overseas markets.