KAON Group Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:27 am EST
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KAON Group 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 115,405.93 million compared to KRW 144,452.65 million a year ago. Net loss was KRW 7,712.72 million compared to KRW 715.7 million a year ago. Basic loss per share from continuing operations was KRW 476.4706 compared to KRW 45.6882 a year ago. Diluted loss per share from continuing operations was KRW 476.4706 compared to KRW 44.1176 a year ago. Basic loss per share was KRW 476.4706 compared to KRW 47.0588 a year ago.
For the nine months, sales was KRW 5,222.75 million compared to KRW 9,463.98 million a year ago. Net loss was KRW 14,070.29 million compared to net income of KRW 15,505.16 million a year ago. Basic loss per share from continuing operations was KRW 877.451 compared to basic earnings per share from continuing operations of KRW 954.6925 a year ago. Diluted loss per share from continuing operations was KRW 877.451 compared to diluted earnings per share from continuing operations of KRW 889.0158 a year ago. Basic loss per share was KRW 877.451 compared to basic earnings per share of KRW 983.3333 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. 
