Industrias Peñoles, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
October 28, 2024
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Industrias Peñoles, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 1,732.22 million compared to USD 1,507.69 million a year ago. Net income was USD 40.07 million compared to USD 15.63 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.04 a year ago.
For the nine months, sales was USD 4,763.14 million compared to USD 4,457.65 million a year ago. Net loss was USD 22.12 million compared to net income of USD 41.32 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.1 a year ago.
Industrias Penoles SAB de CV is a Mexico-based company engaged in the mining industry. The Company's activities are divided into four business segments: Precious metals, Base metals, Metallurgical and Others. The Precious metals division is responsible for the extraction and processing of silver and gold concentrates. The Base metals area focuses on mineral exploration, extraction and processing of zinc, lead and copper concentrates. The Metallurgical segment provides treating and refining of precious and base metals concentrates. The Others division includes production and sale of chemical products, mainly sodium sulfate, operation of water treatment and rail transportation concessions, as well as administrative and operating support activities. It operates through a range of subsidiaries, such as Minas Penoles SA de CV and Quimica Magna SA de CV. The Company is a part of BAL Group.