The Willbes & CO., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:39 am
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The Willbes & CO., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 56,499.54 million compared to KRW 73,024.36 million a year ago. Net loss was KRW 5,086.5 million compared to KRW 749.47 million a year ago. Basic loss per share from continuing operations was KRW 77 compared to KRW 12 a year ago. Diluted loss per share from continuing operations was KRW 54 compared to KRW 12 a year ago. Basic loss per share was KRW 77 compared to KRW 12 a year ago. Diluted loss per share was KRW 54.
For the nine months, sales was KRW 199,678.75 million compared to KRW 213,964.66 million a year ago. Net loss was KRW 4,805.88 million compared to KRW 9,211.34 million a year ago. Basic loss per share from continuing operations was KRW 73 compared to KRW 147 a year ago. Diluted loss per share from continuing operations was KRW 102 compared to KRW 147 a year ago. Basic loss per share was KRW 73 compared to KRW 147 a year ago. Diluted loss per share was KRW 102.
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. 