Compañía Minera Autlán, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 21, 2021 at 06:11 pm EDT
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Compañía Minera Autlán, S.A.B. de C.V. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 98.729 million compared to USD 84.218 million a year ago. Operating income was USD 9.140 million compared to USD 8.206 million a year ago. Net loss was USD 4.224 million compared to USD 7.123 million a year ago. Basic loss per share was USD 0.01242 compared to USD 0.02148 a year ago. For the half year, sales was USD 190.531 million compared to USD 184.439 million a year ago. Operating income was USD 9.955 million compared to USD 11.086 million a year ago. Net loss was USD 6.751 million compared to net income of USD 14.954 million a year ago. Basic loss per share was USD 0.01948 compared to basic earnings per share of USD 0.04456 a year ago.
Compania Minera Autlan SAB de CV is a Mexico-based company primarily engaged in the mining, exploitation, production and sale of manganese ore and manganese ferroalloys. The Companyâs activities are divided into three divisions: Ferroalloys, Manganese and Energy. The Ferroalloys division is responsible for the manufacture of manganese ferroalloys for steel sector, including high, medium and low carbon ferromanganese, as well as silicomanganese, among others. The Manganese division focuses on manufacturing of manganese nodules, manganese carbonates, battery and ceramic grade natural manganese dioxides and manganous oxide. The Energy division generates energy through hydroelectric power plant. The Company operates through a number of subsidiaries, such as Autlan Metal Services SA de CV, which offers complementary products of the steel industry to its customers. The Company is owned by Autlan Holding SAPI de CV.
COMPAÑÍA MINERA AUTLÁN, S.A.B. DE C.V. 
