Aroot Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:05 am EST
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Aroot 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 16,490.06 million compared to KRW 16,711.17 million a year ago. Net loss was KRW 853.29 million compared to net income of KRW 2,863.08 million a year ago. Basic loss per share from continuing operations was KRW 25 compared to basic earnings per share from continuing operations of KRW 85 a year ago. Diluted loss per share from continuing operations was KRW 25 compared to diluted earnings per share from continuing operations of KRW 85 a year ago. Basic loss per share was KRW 25 compared to basic earnings per share of KRW 85 a year ago.
For the nine months, sales was KRW 42,071.76 million compared to KRW 48,295.93 million a year ago. Net loss was KRW 2,840.35 million compared to net income of KRW 4,682.84 million a year ago. Basic loss per share from continuing operations was KRW 90 compared to basic earnings per share from continuing operations of KRW 145 a year ago. Diluted loss per share from continuing operations was KRW 90 compared to diluted earnings per share from continuing operations of KRW 115 a year ago. Basic loss per share was KRW 90 compared to basic earnings per share of KRW 145 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. 