Shinpoong Paper Mfg. Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 03:51 am
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Shinpoong Paper Mfg. Co., Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 4,582.02 million compared to KRW 6,768.23 million a year ago. Net loss was KRW 3,434.62 million compared to net income of KRW 820.7 million a year ago. Basic loss per share from continuing operations was KRW 120 compared to basic earnings per share from continuing operations of KRW 30 a year ago. Diluted loss per share from continuing operations was KRW 120 compared to diluted earnings per share from continuing operations of KRW 30 a year ago. Basic loss per share was KRW 124 compared to basic earnings per share of KRW 30 a year ago.
For the six months, sales was KRW 9,443.76 million compared to KRW 15,550.75 million a year ago. Net loss was KRW 5,188.09 million compared to net income of KRW 1,585.37 million a year ago. Basic loss per share from continuing operations was KRW 187 compared to basic earnings per share from continuing operations of KRW 57 a year ago. Diluted loss per share from continuing operations was KRW 187 compared to diluted earnings per share from continuing operations of KRW 57 a year ago. Basic loss per share was KRW 187 compared to basic earnings per share of KRW 57 a year ago.
Shinpoong Inc, formerly Shinpoong Paper Mfg Co Ltd, is a Korea-based company engaged in the distribution and sale of papers. The Companyâs products include white duplex boards, which are used for foods, electronics, paper, towels detergent, toys and others.