Kumho Electric, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:41 am EST
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Kumho Electric, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 112.06 million compared to KRW 89.59 million a year ago. Net loss was KRW 5,550.72 million compared to KRW 2,045.36 million a year ago. Basic loss per share from continuing operations was KRW 233 compared to KRW 234 a year ago. Basic loss per share was KRW 233 compared to KRW 131 a year ago.
For the nine months, sales was KRW 308.66 million compared to KRW 253.95 million a year ago. Net loss was KRW 14,952.49 million compared to KRW 4,944.52 million a year ago. Basic loss per share from continuing operations was KRW 696 compared to KRW 463 a year ago. Basic loss per share was KRW 696 compared to KRW 380 a year ago.
KUMHO ELECTRIC, INC. is a Korea-based company engaged in the manufacture of general lightings and display lightings. The Company mainly operates its business through four segments, general lightings segment, which provides tube type fluorescent lamps, circular fluorescent lamps, bulb type fluorescent lamps, compact type fluorescent lamps, electrodeless lamps, incandescent lamps, halogen lamps, electronic ballasts and others, as well as light emitting diode (LED) lightings, including LED linear lamps, LED linear panels, LED floor lights, LED street lightings, LED sensor lights and others; information technology (IT) lightings segment and LED manufacturing segment, which provides back light units (BLUs), displays, cold cathode fluorescent lamps (CCFLs), LED chips and others, and automotive bulb segment. The Company also engages in the energy services business and rental business. It distributes its products within domestic market and to overseas markets.
KUMHO ELECTRIC, INC. 
