BFLABS Co.,LTD. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:09 am EST
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BFLABS Co.,LTD. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 9,568.81 million compared to KRW 7,454.41 million a year ago. Net loss was KRW 896.03 million compared to KRW 2,506.16 million a year ago. Basic loss per share from continuing operations was KRW 114 compared to KRW 213 a year ago. Diluted loss per share from continuing operations was KRW 114. Basic loss per share was KRW 114 compared to KRW 355 a year ago. Diluted loss per share was KRW 110.
For the nine months, sales was KRW 20,429.69 million compared to KRW 20,228.83 million a year ago. Net income was KRW 23,361.67 million compared to net loss of KRW 14,885.18 million a year ago. Basic earnings per share from continuing operations was KRW 3,139 compared to basic loss per share from continuing operations of KRW 1,850 a year ago. Diluted earnings per share from continuing operations was KRW 3,048. Basic earnings per share was KRW 3,139 compared to basic loss per share of KRW 2,104 a year ago. Diluted earnings per share was KRW 3,048.
BFLabs Co Ltd, formerly CityLabs Co Ltd, is a Korea-based company mainly engaged in the provision of intelligent transportation system (ITS) solutions. The Company's ITS construction service business and closed circuit television (CCTV) integrated control center business include advanced traffic signal control systems, automatic enforcement systems, road traffic management systems, driver information systems, optimal route guidance systems, travel service information systems, public transportation information provision and public transportation management systems, electronic security systems, common check-in systems, safety security systems, maritime traffic control system establishment, and air traffic control system establishment. The Company combines all of these to conduct smart city construction business. It also engages in multilayer glass production facility manufacturing industry, healthcare media, digital marketing and social networks, and hosting domain services.
BFLABS CO.,LTD. 