KAON Group Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:41 am EDT
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KAON Group Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 186,156.16 million compared to KRW 166,127.97 million a year ago. Net income was KRW 2,899.58 million compared to KRW 5,984.54 million a year ago. Basic earnings per share from continuing operations was KRW 179.4118 compared to KRW 372.1683 a year ago. Diluted earnings per share from continuing operations was KRW 169.6078 compared to KRW 352.1797 a year ago. Basic earnings per share was KRW 179.4118 compared to KRW 383.3333 a year ago. Diluted earnings per share was KRW 169.6078 compared to KRW 362.7451 a year ago.
For the six months, sales was KRW 3,795.27 million compared to KRW 6,630.45 million a year ago. Net loss was KRW 6,357.57 million compared to net income of KRW 16,220.86 million a year ago. Basic loss per share from continuing operations was KRW 398.0392 compared to basic earnings per share from continuing operations of KRW 1,003.2362 a year ago. Diluted loss per share from continuing operations was KRW 398.0392 compared to diluted earnings per share from continuing operations of KRW 949.9334 a year ago. Basic loss per share was KRW 398.0392 compared to basic earnings per share of KRW 1,033.3333 a year ago.
Kaon Group Co Ltd, formerly KAON Media Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of artificial intelligence solutions, over-the-top (OTT) services, network devices and integrated solutions. The Company operates its business through two segments. The Over-the-Top business segment is engaged in the provision of artificial intelligence and digital broadcasting reception services. The Network Business segment is engaged in the provision of broadband services.
KAON GROUP CO., LTD. 