Compañía Minera Autlán, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 04:18 pm EDT
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Compañía Minera Autlán, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 155.47 million compared to USD 124.52 million a year ago. Net income was USD 16.3 million compared to USD 12.94 million a year ago. Basic earnings per share from continuing operations was USD 0.05051 compared to USD 0.03778 a year ago. Diluted earnings per share from continuing operations was USD 0.05051 compared to USD 0.03778 a year ago.
For the nine months, sales was USD 488.25 million compared to USD 315.05 million a year ago. Net income was USD 69.48 million compared to USD 6.19 million a year ago. Basic earnings per share from continuing operations was USD 0.2139 compared to USD 0.0183 a year ago. Diluted earnings per share from continuing operations was USD 0.2139 compared to USD 0.0183 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. 
