Lumens Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 15, 2022 at 11:01 pm EDT
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Lumens Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 101.53 million compared to KRW 228.81 million a year ago. Net income was KRW 18,613.98 million compared to KRW 2,914.74 million a year ago. Basic earnings per share from continuing operations was KRW 396 compared to KRW 62 a year ago. Basic earnings per share was KRW 396 compared to KRW 62 a year ago.
Lumens Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of light emitting diode (LED) products. The Company operates its business through two business divisions: LED division and communication division. Its LED division provides LEDs and LED modules used for liquid crystal display (LCD) back light units (BLUs), spot lightings, street lightings, factory lightings, automobiles, mobile phones and others. It communication division provides military and civilian communications equipment, such as mobile radio frequency modules (MRFMs), base station radio frequency modules (BRFMs), radio access units (RAUs) and others. The Company distributes its LED products within domestic market and to overseas markets.