MSC Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 17, 2022 at 01:38 am EDT
Share
MSC Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KRW 1,247.98 million compared to KRW 162.14 million a year ago. Net income was KRW 4,914.27 million compared to KRW 5,552.08 million a year ago. Basic earnings per share from continuing operations was KRW 279 compared to KRW 315 a year ago. Basic earnings per share was KRW 279 compared to KRW 315 a year ago.
For the six months, sales was KRW 1,316.98 million compared to KRW 301.45 million a year ago. Net income was KRW 9,583.2 million compared to KRW 8,832.85 million a year ago. Basic earnings per share from continuing operations was KRW 544 compared to KRW 502 a year ago. Basic earnings per share was KRW 544 compared to KRW 502 a year ago.
MSC Co., Ltd. is a Korea-based company principally engaged in the production and sale of food additives. The Company's products portfolio consists of carrageenan, used in processing of foods as suspending and emulsifying stabilizers, swelling agents, fat replacers, binders, dietary fibers, crystallization inhibitors and gelling agents in food processing; flavors such as water soluble flavors, oil soluble flavors, powdered flavors and emulsified flavors; seasonings, including snack seasonings, soup seasonings and others; natural food colors, extracted from natural raw materials, as well as beverage lines that include polyethylene terephthalate (PET) bottling line and spout-pouch filling line products. The Company also involves in the real estate leasing business.
MSC CO., LTD. 
