Mugunghwa Information Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was KRW 650.88 million compared to KRW 966.4 million a year ago. Net loss was KRW 1,606.95 million compared to net income of KRW 1,823.44 million a year ago.

Basic loss per share from continuing operations was KRW 69 compared to basic earnings per share from continuing operations of KRW 93 a year ago. Basic loss per share was KRW 69 compared to basic earnings per share of KRW 85 a year ago.