Lumens Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 07:50 pm EST
Share
Lumens Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 39,548.07 million compared to KRW 56,911.02 million a year ago. Net income was KRW 3,114.19 million compared to KRW 2,410.73 million a year ago. Basic earnings per share from continuing operations was KRW 66 compared to KRW 51 a year ago. Diluted earnings per share from continuing operations was KRW 66 compared to KRW 51 a year ago. Basic earnings per share was KRW 66 compared to KRW 51 a year ago.
For the nine months, sales was KRW 149.66 million compared to KRW 723.93 million a year ago. Net income was KRW 24,110.22 million compared to net loss of KRW 7,144.44 million a year ago. Basic earnings per share from continuing operations was KRW 513 compared to KRW 69 a year ago. Diluted earnings per share from continuing operations was KRW 513 compared to KRW 69 a year ago. Basic earnings per share was KRW 513 compared to basic loss per share of KRW 152 a year ago.
Lumens Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of light emitting diode (LED) products. The Company operates its business through two business divisions: LED division and communication division. Its LED division provides LEDs and LED modules used for liquid crystal display (LCD) back light units (BLUs), spot lightings, street lightings, factory lightings, automobiles, mobile phones and others. It communication division provides military and civilian communications equipment, such as mobile radio frequency modules (MRFMs), base station radio frequency modules (BRFMs), radio access units (RAUs) and others. The Company distributes its LED products within domestic market and to overseas markets.
LUMENS CO., LTD. 
