Muhak Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:44 am EDT
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Muhak 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 0.00042 million compared to KRW 12.88 million a year ago. Net income was KRW 10,406.28 million compared to net loss of KRW 18,862.29 million a year ago. Basic earnings per share from continuing operations was KRW 393 compared to basic loss per share from continuing operations of KRW 712 a year ago. Basic earnings per share was KRW 393 compared to basic loss per share of KRW 712 a year ago.
For the six months, negative sales was KRW 0.00005 million compared to sales of KRW 12.88 million a year ago. Net income was KRW 48,775.91 million compared to net loss of KRW 24,006.8 million a year ago. Basic earnings per share from continuing operations was KRW 1,842 compared to basic loss per share from continuing operations of KRW 906 a year ago. Basic earnings per share was KRW 1,842 compared to basic loss per share of KRW 906 a year ago.
Muhak Co Ltd is a Korea-based company principally engaged in the manufacture and sale of traditional liquor products. The Company operates its business through two segments. The Liquor Segment engaged in the manufacture of soju, a distilled beverage native to Korea, as well as chrysanthemum alcoholic drinks, plum wines, sparkling wines and rice wines. The Steel Segment engages in the manufacturing and processing electrical steel sheets and stainless steels for electric motors and transformers. The Company distributes its liquor product in domestic and overseas markets such as China, Vietnam.
MUHAK CO., LTD. 
