Central Azucarera de Tarlac, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 19, 2023 at 01:39 am EDT
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Central Azucarera de Tarlac, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported revenue was PHP 566.97 million compared to PHP 626.36 million a year ago. Net income was PHP 188.16 million compared to PHP 164.81 million a year ago. Basic earnings per share from continuing operations was PHP 0.79 compared to PHP 0.69 a year ago. Diluted earnings per share from continuing operations was PHP 0.79 compared to PHP 0.69 a year ago.
For the nine months, revenue was PHP 783.18 million compared to PHP 939.67 million a year ago. Net income was PHP 103.13 million compared to PHP 78.17 million a year ago. Basic earnings per share from continuing operations was PHP 0.432 compared to PHP 0.33 a year ago. Diluted earnings per share from continuing operations was PHP 0.432 compared to PHP 0.33 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. 
