Kwangmu Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 02:00 am EDT
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Kwangmu 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 742.37 million compared to KRW 686.02 million a year ago. Net loss was KRW 828.7 million compared to net income of KRW 507.11 million a year ago. Basic loss per share from continuing operations was KRW 32 compared to basic earnings per share from continuing operations of KRW 85 a year ago. Basic loss per share was KRW 32 compared to basic earnings per share of KRW 29 a year ago.
For the six months, sales was KRW 1,422.25 million compared to KRW 1,370.73 million a year ago. Net loss was KRW 1,865.52 million compared to KRW 1,615.27 million a year ago. Basic loss per share from continuing operations was KRW 102 compared to KRW 47 a year ago. Basic loss per share was KRW 77 compared to KRW 100 a year ago.
Kwangmu Co Ltd, formerly Lix Solution Co Ltd, is a Korea-based company mainly engaged in the provision of network and system integration services. The Company operates its business through five segments. The Network Business segment is engaged in system construction and development business such as service infrastructure design and customer-customized system development. The Maintenance Business segment provides network integrated maintenance services. The Information Technology Outsourcing (ITO) Business segment provides network equipment rental services. The Other Business segment provides 3D cinema systems and 3D camera systems and engages in real estate rental business. The Semiconductor Distribution segment distributes products related to memory semiconductors and provides smart solutions.
KWANGMU CO.,LTD. 
