Wellbiotec Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 09:39 am
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Wellbiotec Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 0.00001 million compared to KRW 0.00001 million a year ago. Net income was KRW 1,708.53 million compared to net loss of KRW 81.34 million a year ago. Basic earnings per share from continuing operations was KRW 24 compared to basic loss per share from continuing operations of KRW 1 a year ago. Diluted earnings per share from continuing operations was KRW 24 compared to diluted loss per share from continuing operations of KRW 1 a year ago. Basic earnings per share was KRW 24 compared to basic loss per share of KRW 1 a year ago.
For the six months, sales was KRW 0.00001 million compared to KRW 0.00001 million a year ago. Net income was KRW 1,187.92 million compared to KRW 3,602.91 million a year ago. Basic earnings per share from continuing operations was KRW 17 compared to KRW 58 a year ago. Diluted earnings per share from continuing operations was KRW 17 compared to KRW 58 a year ago. Basic earnings per share was KRW 17 compared to KRW 58 a year ago.
WELLBIOTEC CO.,LTD, formerly YBROAD CO., LTD., is a Korea-based company engaged in the leather business. The Companyâs products portfolio consists of nappa, naked, soft and other types of leathers used for handbags; water proof, gore-tex, nubuck, white and washable leathers used for shoes; chrome and non-chrome leathers used for car seats; chrome and non-chrome, and grain leathers used for steering wheels, and others, including baseball glove leathers and belt leathers. It also involves in the integrated transportation business, as well as wholesale and retail of electrical equipment business through its subsidiaries. The Company supplies its leather products to Coach, Tumi, Juicy, Vicotornox, Brighton, Timberland, Foot Joy, Stride Rite, Honda, Acura, Suzuki, Toyota and others.