Hitejinro Holdings Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 02:25 am EDT
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Hitejinro Holdings 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 6,393.76 million compared to KRW 5,616.08 million a year ago. Net loss was KRW 8,103.22 million compared to net income of KRW 18,217.41 million a year ago. Basic loss per share from continuing operations was KRW 385 compared to basic earnings per share from continuing operations of KRW 864 a year ago. Basic loss per share was KRW 385 compared to basic earnings per share of KRW 864 a year ago.
For the six months, sales was KRW 9,686.05 million compared to KRW 9,086.18 million a year ago. Net income was KRW 1,189.74 million compared to KRW 35,328.73 million a year ago. Basic earnings per share from continuing operations was KRW 56 compared to KRW 1,675 a year ago. Basic earnings per share was KRW 56 compared to KRW 1,675 a year ago.
HITEJINRO HOLDINGS CO., LTD is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs subsidiaries include HITE JINRO CO., LTD., which is mainly engaged in the manufacture and distribution of beers; JINRO SOJU LIMITED, BOBAE CO.,LTD and HITE ALCOHOL CO.,LTD, which are mainly engaged in the manufacture and sale of soju, a Korean distilled beverage; HITEJINRO INDUSTRIAL CO., LTD., HITEJINRO BEVERAGE Co., Ltd, Blue Heron Co., Ltd. and Jinro Yangjo, which are engaged in the manufacture of bottles and bottle water, as well as operation of golf courses. The Company distributes its products within domestic market and to overseas markets. On November 1, 2013, Hite Jinro Co Ltd merged with Bobae Co Ltd. On December 24, 2013, the Company sold a 100% stake in HITEJINRO INDUSTRY ,CO.,LTD, and acquired a 100% stake in JINRO SOJU LIMITED.
HITEJINRO HOLDINGS CO., LTD. 
