M2N Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 05:56 am IST
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M2N 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 0.00058 million compared to negative sales of KRW 3,636.69 million a year ago. Net income was KRW 453.87 million compared to net loss of KRW 1,658.9 million a year ago. Basic earnings per share from continuing operations was KRW 12 compared to basic loss per share from continuing operations of KRW 41 a year ago. Diluted earnings per share from continuing operations was KRW 12 compared to diluted loss per share from continuing operations of KRW 41 a year ago. Basic earnings per share was KRW 11 compared to basic loss per share of KRW 42 a year ago. Diluted earnings per share was KRW 11 compared to diluted loss per share of KRW 42 a year ago.
For the nine months, sales was KRW 0.00044 million compared to negative sales of KRW 10,059.49 million a year ago. Net income was KRW 3,492.13 million compared to net loss of KRW 5,620.41 million a year ago. Basic earnings per share from continuing operations was KRW 87 compared to basic loss per share from continuing operations of KRW 137 a year ago. Diluted earnings per share from continuing operations was KRW 87 compared to diluted loss per share from continuing operations of KRW 137 a year ago. Basic earnings per share was KRW 88 compared to basic loss per share of KRW 142 a year ago. Diluted earnings per share was KRW 88 compared to diluted loss per share of KRW 142 a year ago.
M2N Co Ltd, formerly DK D&I Co Ltd, is a Korea-based company engaged in the manufacture and distribution of steel drums. The Company manufactures tight head drums, open head drums, galvanized drums and triple seams, which are mainly used for petrochemical packaging. The Company also produces steel products and automotive parts such as diesel fuel heaters.