Central Azucarera De Tarlac, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
February 19, 2020 at 07:19 pm EST
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Central Azucarera de Tarlac, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced total revenue was PHP 112.580 million compared to PHP 207.263 million a year ago. Net loss was PHP 52.049 million compared to net income of PHP 59.347 million a year ago. Basic loss per share was PHP 0.18 compared to basic earnings per share of PHP 0.21 a year ago. For the half year, total revenue was PHP 252.093 million compared to PHP 376.584 million a year ago. Net loss was PHP 114.457 million compared to net income of PHP 8.323 million a year ago. Basic loss per share was PHP 0.41 compared to basic earnings per share of PHP 0.03 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. 
