Midsona AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022 at 02:00 am EDT
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Midsona AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 956 million compared to SEK 903 million a year ago. Net loss was SEK 20 million compared to net income of SEK 24 million a year ago. Basic loss per share from continuing operations was SEK 0.28 compared to basic earnings per share from continuing operations of SEK 0.37 a year ago. Diluted loss per share from continuing operations was SEK 0.28 compared to diluted earnings per share from continuing operations of SEK 0.37 a year ago.
For the six months, sales was SEK 1,928 million compared to SEK 1,868 million a year ago. Net loss was SEK 8 million compared to net income of SEK 57 million a year ago. Basic loss per share from continuing operations was SEK 0.11 compared to basic earnings per share from continuing operations of SEK 0.88 a year ago. Diluted loss per share from continuing operations was SEK 0.11 compared to diluted earnings per share from continuing operations of SEK 0.87 a year ago.
Midsona AB, formerly Midelfart Sonesson AB is a Sweden-based company engaged in the development, manufacture and marketing of consumer healthcare products in the Nordic region. Its products are divided into three product areas: Healthfoods, Hygiene, Personal Care. The Company consists of three geographical areas, namely Sweden, Norway and Finland. The business areas in Sweden, Norway and Finland market and sell nutritional supplements, herbal remedies, health foods, skin care and beauty products to grocery stores, pharmacies and health stores in respective geographic markets. The Company has several priority brands, such as Friggs, Urtekram, Naturdiet, Miwana, MyggA, Dalblads, Tri Tolonen, Supernature.
MIDSONA AB 
