Vidente Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 03:12 am EST
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Vidente 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 450.54 million compared to KRW 775.27 million a year ago. Net loss was KRW 6,325.1 million compared to net income of KRW 42,559.11 million a year ago. Basic loss per share from continuing operations was KRW 119 compared to basic earnings per share from continuing operations of KRW 932 a year ago. Diluted loss per share from continuing operations was KRW 119 compared to diluted earnings per share from continuing operations of KRW 726 a year ago. Basic loss per share was KRW 119 compared to basic earnings per share of KRW 932 a year ago.
For the nine months, sales was KRW 1,753.36 million compared to KRW 1,575.05 million a year ago. Net loss was KRW 93,786.67 million compared to net income of KRW 180,030.93 million a year ago. Basic loss per share from continuing operations was KRW 1,802 compared to basic earnings per share from continuing operations of KRW 3,942 a year ago. Diluted loss per share from continuing operations was KRW 1,802 compared to diluted earnings per share from continuing operations of KRW 3,343 a year ago. Basic loss per share was KRW 1,802 compared to basic earnings per share of KRW 3,942 a year ago.
Vidente Co., Ltd., formerly Seven Star Works Co., Ltd., is a Korea-based company mainly engaged in the manufacturing and marketing of high definition (HD) video equipment for digital broadcast. The Companyâs products portfolio consists of viewfinder monitors, color critical liquid crystal display (LCD) monitors, multi-format monitors, quad-screen monitors, digital visual interface (DVI) and high definition multimedia interface (HDMI) monitors, rack monitors, organic light emitting diode (OLED) monitors, three dimensional (3D) monitors, wall monitors and others. The Company distributes its products within domestic market and to overseas markets, including Germany, Russia, India, Egypt and others. In addition, it engages in the real estate rental business.