Hitejinro Holdings Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:26 am
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Hitejinro Holdings 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 5,452.85 million compared to KRW 5,334.36 million a year ago. Net income was KRW 5,885.31 million compared to KRW 13,950.86 million a year ago. Basic earnings per share from continuing operations was KRW 279 compared to KRW 661 a year ago. Basic earnings per share was KRW 279 compared to KRW 661 a year ago.
For the nine months, sales was KRW 15,138.9 million compared to KRW 14,420.54 million a year ago. Net income was KRW 7,075.05 million compared to KRW 49,279.58 million a year ago. Basic earnings per share from continuing operations was KRW 335 compared to KRW 2,336 a year ago. Basic earnings per share was KRW 335 compared to KRW 2,336 a year ago.
HITEJINRO HOLDINGS CO., LTD is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs subsidiaries include HITE JINRO CO., LTD., which is mainly engaged in the manufacture and distribution of beers; JINRO SOJU LIMITED, BOBAE CO.,LTD and HITE ALCOHOL CO.,LTD, which are mainly engaged in the manufacture and sale of soju, a Korean distilled beverage; HITEJINRO INDUSTRIAL CO., LTD., HITEJINRO BEVERAGE Co., Ltd, Blue Heron Co., Ltd. and Jinro Yangjo, which are engaged in the manufacture of bottles and bottle water, as well as operation of golf courses. The Company distributes its products within domestic market and to overseas markets. On November 1, 2013, Hite Jinro Co Ltd merged with Bobae Co Ltd. On December 24, 2013, the Company sold a 100% stake in HITEJINRO INDUSTRY ,CO.,LTD, and acquired a 100% stake in JINRO SOJU LIMITED.
HITEJINRO HOLDINGS CO., LTD. 