Leenos Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:51 am EST
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Leenos Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 1,011.53 million compared to negative sales of KRW 0.00007 million a year ago. Net loss was KRW 5,352.69 million compared to KRW 957.31 million a year ago. Basic loss per share from continuing operations was KRW 119 compared to KRW 20.9524 a year ago. Diluted loss per share from continuing operations was KRW 119 compared to KRW 20.9524 a year ago. Basic loss per share was KRW 119 compared to KRW 22 a year ago.
For the nine months, sales was KRW 1,461.71 million compared to KRW 14,227.45 million a year ago. Net loss was KRW 4,457.68 million compared to net income of KRW 141.39 million a year ago. Basic loss per share from continuing operations was KRW 99 compared to basic earnings per share from continuing operations of KRW 2.8571 a year ago. Diluted loss per share from continuing operations was KRW 99 compared to diluted earnings per share from continuing operations of KRW 2.8571 a year ago. Basic loss per share was KRW 99 compared to basic earnings per share of KRW 3 a year ago.
Polaris AI Corp, formerly Leenos Corp, is a Korea-based company principally engaged in the distribution of casual bags and provision of communication equipment solutions. The Company operates its business through two segments. The Fashion and Culture (F&C) segment mainly distributes women's casual bags under the brand name of Kipling and backpacks under the brand of EASTPAK. The Information Technology (IT) segment mainly provides system construction, IT consulting and maintenance services for public security, transportation institutions, financial and wireless communication industries. The Company also engages in the real estate leasing business. The Company mainly distributes its bags products through department stores, duty free stores and outlets.