Kwangmu Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:49 am EDT
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Kwangmu 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 662.87 million compared to KRW 742.37 million a year ago. Net income was KRW 17,646.7 million compared to net loss of KRW 828.7 million a year ago. Basic earnings per share from continuing operations was KRW 391 compared to basic loss per share from continuing operations of KRW 32 a year ago. Diluted earnings per share from continuing operations was KRW 381 compared to diluted loss per share from continuing operations of KRW 32 a year ago. Basic earnings per share was KRW 391 compared to basic loss per share of KRW 32 a year ago. Diluted earnings per share was KRW 381 compared to diluted loss per share of KRW 32 a year ago.
For the six months, sales was KRW 1,329.82 million compared to KRW 1,422.25 million a year ago. Net income was KRW 18,264.49 million compared to net loss of KRW 1,865.52 million a year ago. Basic earnings per share from continuing operations was KRW 434 compared to basic loss per share from continuing operations of KRW 102 a year ago. Diluted earnings per share from continuing operations was KRW 412 compared to diluted loss per share from continuing operations of KRW 102 a year ago. Basic earnings per share was KRW 434 compared to basic loss per share of KRW 77 a year ago. Diluted earnings per share was KRW 412 compared to diluted loss per share of KRW 77 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. 
