Adecoagro S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021 at 04:02 pm EST
Share
Adecoagro S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net income was USD 36.66 million compared to USD 20.02 million a year ago. Basic earnings per share from continuing operations was USD 0.318 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.316 compared to USD 0.17 a year ago.
For the nine months, net income was USD 71.74 million compared to net loss of USD 47.07 million a year ago. Basic earnings per share from continuing operations was USD 0.618 compared to basic loss per share from continuing operations of USD 0.401 a year ago. Diluted earnings per share from continuing operations was USD 0.615 compared to diluted loss per share from continuing operations of USD 0.401 a year ago.
Adecoagro S.A. is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. Its agricultural activities consist of harvesting certain agricultural products, including crops, rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. Its manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company's land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land.
ADECOAGRO S.A. 
