Kwangmu Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 09:05 pm EST
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Kwangmu Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 593.81 million compared to KRW 657.96 million a year ago. Net loss was KRW 1,124.44 million compared to net income of KRW 3,070.47 million a year ago. Basic loss per share from continuing operations was KRW 35 compared to basic earnings per share from continuing operations of KRW 180 a year ago. Basic loss per share was KRW 35 compared to basic earnings per share of KRW 180 a year ago.
For the nine months, sales was KRW 2,016.06 million compared to KRW 2,028.69 million a year ago. Net loss was KRW 2,989.97 million compared to net income of KRW 1,455.21 million a year ago. Basic loss per share from continuing operations was KRW 134 compared to basic earnings per share from continuing operations of KRW 138 a year ago. Basic loss per share was KRW 111 compared to basic earnings per share of KRW 86 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. 
