STO Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 01:47 am EDT
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STO Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 21,479.26 million compared to KRW 18,240.14 million a year ago. Net income was KRW 1,585.98 million compared to net loss of KRW 181.78 million a year ago. Basic earnings per share from continuing operations was KRW 131 compared to basic loss per share from continuing operations of KRW 15 a year ago. Basic earnings per share was KRW 131 compared to basic loss per share of KRW 15 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 1,047.08 million compared to net loss of KRW 196.21 million a year ago. Basic earnings per share from continuing operations was KRW 86 compared to basic loss per share from continuing operations of KRW 16 a year ago. Basic earnings per share was KRW 86 compared to basic loss per share of KRW 16 a year ago.
STO Co., Ltd. is a Korea-based company principally engaged in the manufacture and sale of men's clothing. The Company manufactures men's character casual and lifestyle wears, including shirts, jackets, trousers, among others. The Company sells its products through distributors, retail stores, discount stores and online distribution networks.