Gemvaxlink Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:44 am EST
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Gemvaxlink Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 23,365.15 million compared to KRW 26,062.57 million a year ago. Net loss was KRW 4,799.99 million compared to net income of KRW 3,048.83 million a year ago. Basic loss per share from continuing operations was KRW 57 compared to basic earnings per share from continuing operations of KRW 37 a year ago. Diluted loss per share from continuing operations was KRW 57 compared to diluted earnings per share from continuing operations of KRW 33 a year ago. Basic loss per share was KRW 57 compared to basic earnings per share of KRW 37 a year ago.
For the nine months, sales was KRW 75,481.34 million compared to KRW 80,192.57 million a year ago. Net loss was KRW 10,813.05 million compared to net income of KRW 13,828.48 million a year ago. Basic loss per share from continuing operations was KRW 130 compared to basic earnings per share from continuing operations of KRW 171 a year ago. Diluted loss per share from continuing operations was KRW 130 compared to diluted earnings per share from continuing operations of KRW 159 a year ago. Basic loss per share was KRW 130 compared to basic earnings per share of KRW 171 a year ago.
GemVaxLink Co Ltd, formerly Feelingk Co Ltd, is a Korea-based company mainly engaged in the sale of clothing miscellaneous goods. The Company operates its business through two segments. The Overseas Fashion Business segment sells apparel, fashion, miscellaneous goods, and luxury goods. The Wireless Internet Solution Business segment mainly develops wireless Internet solutions such as short message service center (SMSC) and long message service center (LMSC) systems, wireless application protocol (WAP) gateways and multimedia message service center (MMSC) systems, and other wireless Internet solutions such as ring back tone (RBT), unified messaging system (UMS) as well as wireless Internet platforms for interoperability (WIPI) globalization solutions under the brand name of Feelingk. The Company also involves in the management consulting and real estate rental business.
GEMVAXLINK CO., LTD. 
