trending Market Intelligence /marketintelligence/en/news-insights/trending/-qXTFoaEW86ohn7PylutlA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Samyang Tongsang swings to loss in Q3


Understanding the Basics of Social Housing Providers and Associations (SHPAs)


Tech in Banking: An Age of Digital Disruption


COVID-19 Impact & Recovery: LCD Outlook for H2 2021


COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Samyang Tongsang swings to loss in Q3

Samyang Tongsang Co. Ltd. said its normalized net income for the third quarter was a loss of 160.24 South Korean won per share, compared with 395.36 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 480.7 million won, compared with income of 1.19 billion won in the prior-year period.

The normalized profit margin fell to negative 1.0% from 2.5% in the year-earlier period.

Total revenue increased 6.4% year over year to 50.18 billion won from 47.16 billion won, and total operating expenses grew 6.7% on an annual basis to 47.18 billion won from 44.21 billion won.

Reported net income came to a loss of 462.0 million won, or a loss of 154.00 won per share, compared to income of 1.32 billion won, or 440.00 won per share, in the prior-year period.

As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.