MSC Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 14, 2021 at 08:57 pm EST
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MSC 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 39,598.99 million compared to KRW 36,347.18 million a year ago. Net income was KRW 4,129.95 million compared to KRW 2,171.39 million a year ago. Basic earnings per share from continuing operations was KRW 235 compared to KRW 123 a year ago. Basic earnings per share was KRW 235 compared to KRW 123 a year ago.
For the nine months, sales was KRW 463.73 million compared to KRW 487.66 million a year ago. Net income was KRW 12,962.8 million compared to KRW 7,603.11 million a year ago. Basic earnings per share from continuing operations was KRW 737 compared to KRW 432 a year ago. Basic earnings per share was KRW 737 compared to KRW 432 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. 
