Central Azucarera De Tarlac, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2020
February 15, 2021 at 06:16 pm EST
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Central Azucarera de Tarlac, Inc. announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced total revenue was PHP 112.625 million compared to PHP 112.580 million a year ago. Net loss was PHP 70.556 million compared to PHP 52.049 million a year ago. Basic loss per share from continuing operations was PHP 0.25 compared to PHP 0.18 a year ago. For the half year, total revenue was PHP 331.656 million compared to PHP 252.093 million a year ago. Net loss was PHP 132.662 million compared to PHP 114.457 million a year ago. Basic loss per share from continuing operations was PHP 0.56 compared to PHP 0.41 a year ago.
Central Azucarera de Tarlac, Inc. is a Philippines-based company, which is engaged in the production and sale of sugar and by-products, developing, leasing and selling real properties and other ancillary services. The Company operates through two segments. Sugar and by-products segment pertains to the production of sugar (raw and refined) and its by-products, such as molasses, alcohol and carbon dioxide. Real estate and industrial services segment pertain to developing, leasing and selling real properties and other ancillary services. Its products and byproducts include raw and refined sugar, alcohol, and carbon dioxide. The Companyâs sugar mill and refinery has a capacity of approximately 7,200 tons cane and 8,000 50-kilogram bags per day respectively. It has a production capacity of approximately 65,000 gauges liters per day. The Companyâs subsidiary, Luisita Land Corporation (LLC), is engaged in developing, leasing and selling real properties and other ancillary services.
CENTRAL AZUCARERA DE TARLAC, INC. 
