Namsung Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:29 am EST
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Namsung Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 17,984.31 million compared to KRW 23,899.32 million a year ago. Net loss was KRW 2,463.74 million compared to net income of KRW 939.48 million a year ago. Basic loss per share from continuing operations was KRW 79 compared to basic earnings per share from continuing operations of KRW 30 a year ago. Diluted loss per share from continuing operations was KRW 79 compared to diluted earnings per share from continuing operations of KRW 30 a year ago. Basic loss per share was KRW 79 compared to basic earnings per share of KRW 30 a year ago.
For the nine months, sales was KRW 48,948.19 million compared to KRW 77,878.86 million a year ago. Net loss was KRW 7,657.19 million compared to net income of KRW 4,003.21 million a year ago. Basic loss per share from continuing operations was KRW 244 compared to basic earnings per share from continuing operations of KRW 128 a year ago. Diluted loss per share from continuing operations was KRW 244 compared to diluted earnings per share from continuing operations of KRW 128 a year ago. Basic loss per share was KRW 244 compared to basic earnings per share of KRW 128 a year ago.
NAMSUNG CORPORATION is a Korea-based company mainly engaged in the exportation of electronic products. The Company operates in two business segments: digital electronic segment and distribution and leasing segment. Its digital electronic segment exports electronic products, including digital mobile audios, digital mobile videos, digital video disc (DVD) players, XM satellite radios, high-definition (HD) radios, navigations, liquid crystal display (LCD) monitors, wireless head phones, digital amplifiers and others. Its distribution and leasing segment operates department stores, and involves in the rental and leasing business. The Company distributes its products within domestic market and to overseas markets.
NAMSUNG CORP. 
