Sunjin Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 01:06 am
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Sunjin Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative sales was KRW 1,946.87 million compared to sales of KRW 433.13 million a year ago. Net income was KRW 11,723.38 million compared to net loss of KRW 3,723.96 million a year ago. Basic earnings per share from continuing operations was KRW 493 compared to basic loss per share from continuing operations of KRW 157 a year ago. Basic earnings per share was KRW 493 compared to basic loss per share of KRW 157 a year ago.
For the six months, sales was KRW 14,726.59 million compared to KRW 11,547.07 million a year ago. Net income was KRW 5,492.82 million compared to KRW 8,497.71 million a year ago. Basic earnings per share from continuing operations was KRW 231 compared to KRW 357 a year ago. Basic earnings per share was KRW 231 compared to KRW 357 a year ago.
SUNJIN CO., LTD. is a Korea-based company engaged in the manufacturing of formula animal feeds and processed meat. The Company operates its business through two segments: animal feed segment and processed meat segment. Its animal feed segment is involved in the manufacture and distribution of formula feeds and feedstuffs for pigs, chickens, dogs and cattle. Its processed meat segment is involved in the provision and distribution of pork. The Company's clients include Hyundai Department Store, Lotte Department Store and Homeplus. The Company mainly distributes its products within domestic market.