Inversiones La Construcci?n S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 23, 2021 at 07:14 pm EST
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Inversiones La Construcci?n S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net income was CLP 18,442.81 million compared to CLP 20,880.37 million a year ago.
For the nine months, net income was CLP 67,320.22 million compared to CLP 36,806.62 million a year ago. Basic earnings per share from continuing operations was CLP 673 compared to CLP 368 a year ago.
Inversiones la Construccion SA (ILC) is a Chile-based company primarily engaged in the life insurance sector. The Company's activities are divided into six segments: Fund management (AFP), which administrates pension funds through AFP Habitat; Private health insurance (Isapre), which administrates health insurance contributions through Isapre Consalud; Insurance, which offers individual and collective life insurance policies through Confuturo and Corpseguros, among others; Healthcare, which manages a network of private hospitals and clinics through Red Salud; Bank, which provides financial services for retail and commercial consumers through Banco Internacional, and Other, which includes operation of private schools, as well as provision of information technology (IT) outsourcing services, among others. The Company is a subsidiary of Camara Chilena de la Construccion Asociacion Gremial.