Garovaglio y Zorraquín S.A. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was ARS 2,397.33 million compared to ARS 3,117.37 million a year ago. Net loss was ARS 69.21 million compared to ARS 59.34 million a year ago. Basic loss per share from continuing operations was ARS 1.57 compared to ARS 1.35 a year ago.
For the six months, sales was ARS 6,750.63 million compared to ARS 7,286.85 million a year ago. Net income was ARS 89.69 million compared to ARS 17.14 million a year ago. Basic earnings per share from continuing operations was ARS 2.04 compared to ARS 0.39 a year ago.