Muhak Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:21 am EST
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Muhak Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 79.96 million compared to negative sales of KRW 0.00018 million a year ago. Net loss was KRW 27,186.82 million compared to KRW 22,647.6 million a year ago. Basic loss per share from continuing operations was KRW 1,026 compared to KRW 819 a year ago. Basic loss per share was KRW 1,026 compared to KRW 833 a year ago.
For the nine months, sales was KRW 92.84 million compared to negative sales of KRW 0.00015 million a year ago. Net loss was KRW 51,193.62 million compared to KRW 18,233.72 million a year ago. Basic loss per share from continuing operations was KRW 1,933 compared to KRW 663 a year ago. Basic loss per share was KRW 1,933 compared to KRW 671 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. 
