Shinsegae International Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 07:14 am
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Shinsegae International 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 2,796.43 million compared to KRW 2,493.69 million a year ago. Net income was KRW 16,250.27 million compared to KRW 9,797.82 million a year ago. Basic earnings per share from continuing operations was KRW 455 compared to KRW 274 a year ago. Basic earnings per share was KRW 455 compared to KRW 274 a year ago.
For the nine months, sales was KRW 7,603.85 million compared to KRW 4,896.7 million a year ago. Net income was KRW 76,174.97 million compared to KRW 52,303.91 million a year ago. Basic earnings per share from continuing operations was KRW 2,134 compared to KRW 1,465 a year ago. Basic earnings per share was KRW 2,134 compared to KRW 1,465 a year ago.
Shinsegae International Inc is a Korea-based company principally engaged in the distribution of clothing. The Company operates its business through two segments. The Fashion Lifestyle segment imports overseas fashion brands directly into Korea and sells them through distribution channels, as well as plans and produces casual brands such as women's clothing and lifestyle brands. The Cosmetic segment plans and produces overseas and self-production cosmetic brands. The Company sells its products within domestic market and to overseas markets.