Muhak Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 01:40 am EST
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Muhak Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported negative sales was KRW 0.00018 million compared to KRW 0.00026 million a year ago. Net loss was KRW 22,647.6 million compared to net income of KRW 10,004.65 million a year ago. Basic loss per share from continuing operations was KRW 819 compared to basic earnings per share from continuing operations of KRW 367 a year ago. Basic loss per share was KRW 833 compared to basic earnings per share of KRW 368 a year ago.
For the nine months, negative sales was KRW 0.00015 million compared to sales of KRW 21.8 million a year ago. Net loss was KRW 18,233.72 million compared to KRW 7,162.69 million a year ago. Basic loss per share from continuing operations was KRW 663 compared to KRW 246 a year ago. Basic loss per share was KRW 671 compared to KRW 261 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. 