Kukdong Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:33 am
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Kukdong Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 53,244.76 million compared to KRW 87,921.99 million a year ago. Net loss was KRW 2,925.48 million compared to net income of KRW 6,578.12 million a year ago. Basic loss per share from continuing operations was KRW 52 compared to basic earnings per share from continuing operations of KRW 127 a year ago. Diluted loss per share from continuing operations was KRW 52 compared to diluted earnings per share from continuing operations of KRW 114 a year ago. Basic loss per share was KRW 52 compared to basic earnings per share of KRW 121 a year ago.
For the nine months, sales was KRW 172,057.03 million compared to KRW 247,384.39 million a year ago. Net loss was KRW 3,932.72 million compared to net income of KRW 5,307.97 million a year ago. Basic loss per share from continuing operations was KRW 70 compared to basic earnings per share from continuing operations of KRW 129 a year ago. Diluted loss per share from continuing operations was KRW 70 compared to diluted earnings per share from continuing operations of KRW 120 a year ago. Basic loss per share was KRW 70 compared to basic earnings per share of KRW 98 a year ago.
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.