Aroot Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:01 am
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Aroot Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 345.53 million compared to KRW 214.71 million a year ago. Net income was KRW 1,291.43 million compared to net loss of KRW 3,825.64 million a year ago. Basic earnings per share from continuing operations was KRW 8 compared to basic loss per share from continuing operations of KRW 49 a year ago. Diluted earnings per share from continuing operations was KRW 8 compared to diluted loss per share from continuing operations of KRW 49 a year ago. Basic earnings per share was KRW 8 compared to basic loss per share of KRW 49 a year ago.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.