Aroot Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 03:38 am EDT
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Aroot 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 8,859.88 million compared to KRW 579.76 million a year ago. Net income was KRW 528.34 million compared to net loss of KRW 13,213.74 million a year ago. Basic earnings per share from continuing operations was KRW 3 compared to basic loss per share from continuing operations of KRW 171 a year ago. Diluted earnings per share from continuing operations was KRW 2 compared to diluted loss per share from continuing operations of KRW 171 a year ago. Basic earnings per share was KRW 3 compared to basic loss per share of KRW 171 a year ago. Diluted earnings per share was KRW 2.
For the six months, sales was KRW 12,662.11 million compared to KRW 794.47 million a year ago. Net income was KRW 1,819.77 million compared to net loss of KRW 17,039.38 million a year ago. Basic earnings per share from continuing operations was KRW 11 compared to basic loss per share from continuing operations of KRW 221 a year ago. Diluted loss per share from continuing operations was KRW 1 compared to KRW 221 a year ago. Basic earnings per share was KRW 11 compared to basic loss per share of KRW 221 a year ago. Diluted loss per share was KRW 1.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.
AROOT CO., LTD. 
