Kumho Electric, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 03:22 am
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Kumho Electric, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 89.59 million compared to KRW 61.68 million a year ago. Net loss was KRW 2,045.36 million compared to KRW 4,541.26 million a year ago. Basic loss per share from continuing operations was KRW 234 compared to KRW 311 a year ago. Basic loss per share was KRW 131 compared to KRW 408 a year ago.
For the nine months, sales was KRW 253.95 million compared to KRW 183.58 million a year ago. Net loss was KRW 4,944.52 million compared to KRW 11,420.71 million a year ago. Basic loss per share from continuing operations was KRW 463 compared to KRW 580 a year ago. Basic loss per share was KRW 380 compared to KRW 1,133 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. 
