Polaris AI Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 11:44 pm EST
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Polaris AI Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative sales was KRW 0.00012 million compared to sales of KRW 1,011.53 million a year ago. Net income was KRW 381.13 million compared to net loss of KRW 5,352.69 million a year ago. Basic earnings per share from continuing operations was KRW 8 compared to basic loss per share from continuing operations of KRW 119 a year ago. Diluted earnings per share from continuing operations was KRW 8 compared to diluted loss per share from continuing operations of KRW 119 a year ago. Basic earnings per share was KRW 8 compared to basic loss per share of KRW 119 a year ago.
For the nine months, sales was KRW 3,245.34 million compared to KRW 1,461.71 million a year ago. Net income was KRW 1,463.04 million compared to net loss of KRW 4,457.68 million a year ago. Basic earnings per share from continuing operations was KRW 32 compared to basic loss per share from continuing operations of KRW 99 a year ago. Diluted earnings per share from continuing operations was KRW 31 compared to diluted loss per share from continuing operations of KRW 99 a year ago. Basic earnings per share was KRW 32 compared to basic loss per share of KRW 99 a year ago. Diluted earnings per share was KRW 31.
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.
POLARIS AI CORP. 
