Aroot Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:15 am EDT
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Aroot Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 633.99 million compared to KRW 638.62 million a year ago. Net income was KRW 23.89 million compared to KRW 528.34 million a year ago.
For the six months, sales was KRW 1,084.97 million compared to KRW 984.15 million a year ago. Net loss was KRW 1,987.06 million compared to net income of KRW 1,819.77 million a year ago. Basic loss per share from continuing operations was KRW 60 compared to basic earnings per share from continuing operations of KRW 55 a year ago. Diluted loss per share from continuing operations was KRW 60 compared to KRW 5 a year ago. Basic loss per share was KRW 60 compared to basic earnings per share of KRW 55 a year ago.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.
AROOT CO., LTD. 