Fertilizantes Heringer S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 06:50 pm EDT
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Fertilizantes Heringer S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was BRL 741.293 million compared to BRL 387.070 million a year ago. Operating income was BRL 97.090 million compared to operating loss of BRL 3.688 million a year ago. Net loss was BRL 7.456 million compared to BRL 204.993 million a year ago. Basic loss per share from continuing operations was BRL 0.1384 compared to BRL 3.8062 a year ago.
Fertilizantes Heringer SA is a Brazil-based company primarily engaged in the production, marketing and distribution of fertilizers under the Heringer brand name. The Company organizes its business into two segments: Industrial, which constists of sulfuric acid and single super phosphate (SSP) production plant, and Mixing Plants segment, which includes fertilizer mixing industrial units. As of December 31, 2011, the Company operated 19 fertilizer mixing plants. The Companyâs products are used in the crop production sector, including farming of cane, soybeans, corn and coffee, among others. Through its subsidiary Logfert Transportes SA, the Company is also involved in the road transport operations. On January 4, 2012, it acquired Maxifertil Fertilizantes Ltda, located in the municipality of Porto Alegre. On June 29, 2012, the Company completed the operation of merger by incorporation of its subsidiary Maxifertil Fertilizantes Ltda.
FERTILIZANTES HERINGER S.A. 