Next Entertainment World Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:06 am EDT
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Next Entertainment World 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 25,385.14 million compared to KRW 48,079.73 million a year ago. Net loss was KRW 5,859.58 million compared to net income of KRW 5,184.86 million a year ago. Basic loss per share from continuing operations was KRW 146 compared to basic earnings per share from continuing operations of KRW 198 a year ago. Basic loss per share was KRW 210 compared to basic earnings per share of KRW 185 a year ago. Diluted loss per share was KRW 210 compared to diluted earnings per share of KRW 174 a year ago.
For the six months, sales was KRW 54,935.77 million compared to KRW 81,899.68 million a year ago. Net loss was KRW 6,821.42 million compared to net income of KRW 2,650.37 million a year ago. Basic loss per share from continuing operations was KRW 128 compared to basic earnings per share from continuing operations of KRW 179 a year ago. Basic loss per share was KRW 245 compared to basic earnings per share of KRW 95 a year ago. Diluted loss per share was KRW 245 compared to diluted earnings per share of KRW 89 a year ago.
Next Entertainment World Co., Ltd. is a Korea-based company principally engaged in the movies, videos and broadcasting programs distribution business. The Company mainly operates movie segment, which distributes movies. In addition, through its subsidiaries, the Company operates other business segment, which involves in the music content business, management business, publication right business, concert business and others.