Fertilizantes Heringer S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022
Share
Fertilizantes Heringer S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was BRL 1,233.01 million compared to BRL 741.29 million a year ago. Net income was BRL 128.36 million compared to net loss of BRL 7.46 million a year ago. Basic earnings per share from continuing operations was BRL 2.3834 compared to basic loss per share from continuing operations of BRL 0.1384 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.