The Willbes & CO., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 01:36 am
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The Willbes & CO., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 73,024.36 million compared to KRW 61,992.09 million a year ago. Net loss was KRW 749.47 million compared to net income of KRW 878.62 million a year ago. Basic loss per share from continuing operations was KRW 12 compared to basic earnings per share from continuing operations of KRW 16 a year ago. Basic loss per share was KRW 12 compared to basic earnings per share of KRW 16 a year ago.
For the nine months, sales was KRW 213,964.66 million compared to KRW 180,444.86 million a year ago. Net loss was KRW 9,211.34 million compared to KRW 3,980.36 million a year ago. Basic loss per share from continuing operations was KRW 147 compared to KRW 69 a year ago. Diluted loss per share from continuing operations was KRW 147 compared to KRW 69 a year ago. Basic loss per share was KRW 147 compared to KRW 69 a year ago.
THE WILLBES & CO., LTD. is a Korea-based original equipment manufacturer (OEM) of textiles. The Company operates in two business divisions: fiber division and education division. Its fiber division provides knits, sweaters, woven products, microfibers and others, through its oversea subsidiaries. Its education division provides education services to various individuals, such as lawyers, diplomats, government officials, appraisers, labor attorneys and others. The Company mainly supplies its textile products to TARGET, OLD NAVY and WAL MART. On May 31, 2013, the Company acquired 100% shares of a Korea-based company, which is mainly engaged in the educational institute operations.
THE WILLBES & CO., LTD. 