Kwangmu Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 12:05 pm IST
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Kwangmu Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 665.15 million compared to KRW 593.81 million a year ago. Net loss was KRW 18,568.74 million compared to KRW 1,124.44 million a year ago. Basic loss per share from continuing operations was KRW 388 compared to KRW 35 a year ago. Diluted loss per share from continuing operations was KRW 378 compared to KRW 35 a year ago. Basic loss per share was KRW 388 compared to KRW 35 a year ago. Diluted loss per share was KRW 378 compared to KRW 35 a year ago.
For the nine months, sales was KRW 1,994.97 million compared to KRW 2,016.06 million a year ago. Net loss was KRW 304.25 million compared to KRW 2,989.97 million a year ago. Basic loss per share from continuing operations was KRW 7 compared to KRW 134 a year ago. Diluted loss per share from continuing operations was KRW 5 compared to KRW 134 a year ago. Basic loss per share was KRW 7 compared to KRW 111 a year ago. Diluted loss per share was KRW 5 compared to KRW 111 a year ago.
Kwangmu Co Ltd, formerly Lix Solution Co Ltd, is a Korea-based company mainly engaged in the provision of network and system integration services. The Company operates its business through five segments. The Network Business segment is engaged in system construction and development business such as service infrastructure design and customer-customized system development. The Maintenance Business segment provides network integrated maintenance services. The Information Technology Outsourcing (ITO) Business segment provides network equipment rental services. The Other Business segment provides 3D cinema systems and 3D camera systems and engages in real estate rental business. The Semiconductor Distribution segment distributes products related to memory semiconductors and provides smart solutions.