GIGALANE Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023
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GIGALANE 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 9,678.99 million compared to KRW 16,155.67 million a year ago. Net loss was KRW 2,545.91 million compared to net income of KRW 1,641.52 million a year ago. Basic loss per share from continuing operations was KRW 30 compared to basic earnings per share from continuing operations of KRW 21 a year ago. Basic loss per share was KRW 30 compared to basic earnings per share of KRW 21 a year ago.
For the nine months, sales was KRW 34,448.4 million compared to KRW 39,736.93 million a year ago. Net loss was KRW 4,821.76 million compared to KRW 1,205.17 million a year ago. Basic loss per share from continuing operations was KRW 57 compared to KRW 15 a year ago. Basic loss per share was KRW 57 compared to KRW 15 a year ago.
GIGALANE Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of radio frequency (RF) communication components and semiconductor equipment. The Company operates its business through three divisions: RF communication component division, semiconductor equipment division and other business division. Its RF communication component division engages in the manufacture of RF cable assemblies and RF connectors used for smart devices under the brand names of SCMP, SCMJ and others. Its semiconductor equipment division provides light-emitting diode (LED) and deep reactive ion etching (DRIE) etcher parts used for semiconductors. Its other business division provides inspection components, including probe cards and probe units. The Company distributes its products within domestic market and to overseas markets.
GIGALANE CO.,LTD. 
