Kumho Electric, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:56 am
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Kumho Electric, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 123.53 million compared to KRW 112.06 million a year ago. Net loss was KRW 2,416.2 million compared to KRW 5,550.72 million a year ago. Basic loss per share from continuing operations was KRW 69 compared to KRW 233 a year ago. Basic loss per share was KRW 69 compared to KRW 233 a year ago.
For the nine months, sales was KRW 248.32 million compared to KRW 308.66 million a year ago. Net loss was KRW 5,652.63 million compared to KRW 14,952.49 million a year ago. Basic loss per share from continuing operations was KRW 180 compared to KRW 696 a year ago. Basic loss per share was KRW 180 compared to KRW 696 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. 
