Central Azucarera de Tarlac, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 19, 2024 at 07:52 pm EST
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Central Azucarera de Tarlac, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was PHP 188.19 million compared to PHP 139.68 million a year ago. Net loss was PHP 31.31 million compared to net income of PHP 8.7 million a year ago. Basic loss per share from continuing operations was PHP 0.13 compared to basic earnings per share from continuing operations of PHP 0.04 a year ago. Diluted loss per share from continuing operations was PHP 0.14 compared to diluted earnings per share from continuing operations of PHP 0.04 a year ago.
For the six months, revenue was PHP 257.36 million compared to PHP 216.21 million a year ago. Net loss was PHP 146.1 million compared to PHP 85.02 million a year ago. Basic loss per share from continuing operations was PHP 0.613 compared to PHP 0.36 a year ago. Diluted loss per share from continuing operations was PHP 0.613 compared to PHP 0.36 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. 
