Next Entertainment World Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:03 am EST
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Next Entertainment World Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 40,600.44 million compared to KRW 29,659.74 million a year ago. Net income was KRW 1,958.63 million compared to KRW 184.3 million a year ago. Basic earnings per share from continuing operations was KRW 61 compared to KRW 172 a year ago. Diluted earnings per share from continuing operations was KRW 55 compared to KRW 161 a year ago. Basic earnings per share was KRW 70 compared to KRW 7 a year ago. Diluted earnings per share was KRW 70 compared to KRW 6 a year ago.
For the nine months, sales was KRW 95,536.21 million compared to KRW 111,559.42 million a year ago. Net loss was KRW 4,862.79 million compared to net income of KRW 2,834.67 million a year ago. Basic loss per share from continuing operations was KRW 67 compared to basic earnings per share from continuing operations of KRW 352 a year ago. Diluted loss per share from continuing operations was KRW 50 compared to diluted earnings per share from continuing operations of KRW 330 a year ago. Basic loss per share was KRW 174 compared to basic earnings per share of KRW 102 a year ago. Diluted loss per share was KRW 174 compared to diluted earnings per share of KRW 95 a year ago.
Next Entertainment World Co., Ltd. is a Korea-based company principally engaged in the movies, videos and broadcasting programs distribution business. The Company mainly operates movie segment, which distributes movies. In addition, through its subsidiaries, the Company operates other business segment, which involves in the music content business, management business, publication right business, concert business and others.