Central Azucarera De Tarlac, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2020
May 19, 2020 at 07:03 pm EDT
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Central Azucarera de Tarlac, Inc. announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced total revenue was PHP 655.619 million compared to PHP 438.287 million a year ago. Net income was PHP 162.144 million compared to PHP 72.690 million a year ago. Basic earnings per share was PHP 0.57 compared to PHP 0.26 a year ago. For the nine months, total revenue was PHP 907.713 million compared to PHP 814.872 million a year ago. Net income was PHP 47.686 million compared to PHP 63.314 million a year ago. Basic earnings per share was PHP 0.17 compared to PHP 0.22 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. 
