Kumho Electric, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:36 am
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Kumho Electric, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 122.19 million compared to KRW 101.24 million a year ago. Net loss was KRW 1,390.48 million compared to KRW 3,606.54 million a year ago. Basic loss per share from continuing operations was KRW 44 compared to KRW 174 a year ago. Diluted loss per share from continuing operations was KRW 44 compared to KRW 174 a year ago. Basic loss per share was KRW 44 compared to KRW 174 a year ago.
For the six months, sales was KRW 124.79 million compared to KRW 196.61 million a year ago. Net loss was KRW 3,236.43 million compared to KRW 9,401.77 million a year ago. Basic loss per share from continuing operations was KRW 110 compared to KRW 464 a year ago. Diluted loss per share from continuing operations was KRW 110 compared to KRW 464 a year ago. Basic loss per share was KRW 110 compared to KRW 464 a year ago.
KUMHO ELECTRIC, INC. is a Korea-based company engaged in the manufacture of general lightings and display lightings. The Company mainly operates its business through four segments, general lightings segment, which provides tube type fluorescent lamps, circular fluorescent lamps, bulb type fluorescent lamps, compact type fluorescent lamps, electrodeless lamps, incandescent lamps, halogen lamps, electronic ballasts and others, as well as light emitting diode (LED) lightings, including LED linear lamps, LED linear panels, LED floor lights, LED street lightings, LED sensor lights and others; information technology (IT) lightings segment and LED manufacturing segment, which provides back light units (BLUs), displays, cold cathode fluorescent lamps (CCFLs), LED chips and others, and automotive bulb segment. The Company also engages in the energy services business and rental business. It distributes its products within domestic market and to overseas markets.
KUMHO ELECTRIC, INC. 
