M2N Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 03:51 am EST
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M2N Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KRW 52.52 million compared to KRW 29.19 million a year ago. Net loss was KRW 4,406.15 million compared to net income of KRW 674.48 million a year ago. Basic loss per share from continuing operations was KRW 139 compared to basic earnings per share from continuing operations of KRW 26 a year ago. Diluted loss per share from continuing operations was KRW 116 compared to diluted earnings per share from continuing operations of KRW 31 a year ago. Basic loss per share was KRW 139 compared to basic earnings per share of KRW 26 a year ago. Diluted loss per share was KRW 116 compared to diluted earnings per share of KRW 31 a year ago.
For the nine months, sales was KRW 392.58 million compared to KRW 200.5 million a year ago. Net loss was KRW 10,885.68 million compared to net income of KRW 1,533.38 million a year ago. Basic loss per share from continuing operations was KRW 390 compared to basic earnings per share from continuing operations of KRW 61 a year ago. Diluted loss per share from continuing operations was KRW 315 compared to diluted earnings per share from continuing operations of KRW 70 a year ago. Basic loss per share was KRW 390 compared to basic earnings per share of KRW 61 a year ago. Diluted loss per share was KRW 315 compared to diluted earnings per share of KRW 70 a year ago.
M2N Co Ltd, formerly DK D&I Co Ltd, is a Korea-based company engaged in the manufacture and distribution of steel drums. The Company manufactures tight head drums, open head drums, galvanized drums and triple seams, which are mainly used for petrochemical packaging. The Company also produces steel products and automotive parts such as diesel fuel heaters.