Muhak Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:14 am EST
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Muhak Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 0.0004 million compared to KRW 79.96 million a year ago. Net income was KRW 2,712.8 million compared to net loss of KRW 27,186.82 million a year ago. Basic earnings per share from continuing operations was KRW 102 compared to basic loss per share from continuing operations of KRW 1,026 a year ago. Basic earnings per share was KRW 102 compared to basic loss per share of KRW 1,026 a year ago.
For the nine months, sales was KRW 0.00035 million compared to KRW 92.84 million a year ago. Net income was KRW 51,488.71 million compared to net loss of KRW 51,193.62 million a year ago. Basic earnings per share from continuing operations was KRW 1,944 compared to basic loss per share from continuing operations of KRW 1,933 a year ago. Basic earnings per share was KRW 1,944 compared to basic loss per share of KRW 1,933 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. 
