trending Market Intelligence /marketintelligence/en/news-insights/trending/gIXvIG3Q87637RXYdghgbQ2 content esgSubNav
In This List

Shinyoung Wacoal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Shinyoung Wacoal Q1 profit falls YOY

Shinyoung Wacoal Inc. said its normalized net income for the first quarter amounted to 1,271.30 South Korean won per share, a decline of 42.0% from 2,192.82 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.14 billion won, a decline of 42.0% from 1.97 billion won in the year-earlier period.

The normalized profit margin fell to 2.6% from 4.6% in the year-earlier period.

Total revenue grew on an annual basis to 44.14 billion won from 42.73 billion won, and total operating expenses grew 6.4% year over year to 43.13 billion won from 40.54 billion won.

Reported net income grew 12.0% on an annual basis to 3.63 billion won, or 4,036.30 won per share, from 3.24 billion won, or 3,603.55 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.