N Citron, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 03:17 am EDT
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N Citron, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 5,425.85 million compared to KRW 6,534.28 million a year ago. Net income was KRW 436.55 million compared to net loss of KRW 478.68 million a year ago. Basic earnings per share from continuing operations was KRW 9 compared to basic loss per share from continuing operations of KRW 15 a year ago. Diluted earnings per share from continuing operations was KRW 9 compared to diluted loss per share from continuing operations of KRW 15 a year ago.
For the six months, sales was KRW 0.78012 million compared to KRW 506.68 million a year ago. Net loss was KRW 199.14 million compared to KRW 603.78 million a year ago. Basic loss per share from continuing operations was KRW 5 compared to KRW 19 a year ago. Diluted loss per share from continuing operations was KRW 5 compared to KRW 19 a year ago.
N CITRON, INC., formerly NEOFIDELITY, INC. is a Korea-based company engaged in the manufacture and sale of full digital audio amplifier solution products. The Company produces digital audio amplifier chips, including NTP-7XXX series, NTP-3XXX series, NTP-2XXX series and NSP series for flat panel display (FPD) televisions (TVs), desktop audios, monitor TVs, home theaters and other digital products. The Company distributes its products within domestic market and to overseas markets, including Taiwan, Japan and China. The Company has one Hong Kong-based subsidiary, NF Industries Company Limited.
N CITRON, INC. 
