MSC Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 09:00 pm
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MSC 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 163.68 million compared to KRW 652.05 million a year ago. Net income was KRW 4,269.88 million compared to KRW 4,953.56 million a year ago. Basic earnings per share from continuing operations was KRW 243 compared to KRW 281 a year ago. Basic earnings per share was KRW 243 compared to KRW 281 a year ago.
For the nine months, sales was KRW 757.87 million compared to KRW 1,969.03 million a year ago. Net income was KRW 14,963.95 million compared to KRW 14,536.76 million a year ago. Basic earnings per share from continuing operations was KRW 850 compared to KRW 826 a year ago. Basic earnings per share was KRW 850 compared to KRW 826 a year ago.
MSC Co., Ltd. is a Korea-based company principally engaged in the production and sale of food additives. The Company's products portfolio consists of carrageenan, used in processing of foods as suspending and emulsifying stabilizers, swelling agents, fat replacers, binders, dietary fibers, crystallization inhibitors and gelling agents in food processing; flavors such as water soluble flavors, oil soluble flavors, powdered flavors and emulsified flavors; seasonings, including snack seasonings, soup seasonings and others; natural food colors, extracted from natural raw materials, as well as beverage lines that include polyethylene terephthalate (PET) bottling line and spout-pouch filling line products. The Company also involves in the real estate leasing business.
MSC CO., LTD. 
