Fertilizantes Heringer S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023
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Fertilizantes Heringer S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 1,643.05 million compared to BRL 1,804.59 million a year ago. Net loss was BRL 62.65 million compared to BRL 110.77 million a year ago. Basic loss per share from continuing operations was BRL 1.1633 compared to BRL 2.0567 a year ago.
For the nine months, sales was BRL 3,907.87 million compared to BRL 4,119.17 million a year ago. Net loss was BRL 329.53 million compared to BRL 77.07 million a year ago. Basic loss per share from continuing operations was BRL 6.1187 compared to BRL 1.4311 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. 
