Loma Negra Compañía Industrial Argentina Sociedad Anónima Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 05:21 pm EDT
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Loma Negra Compañía Industrial Argentina Sociedad Anónima reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was ARS 25,268 million compared to ARS 23,399 million a year ago. Net income was ARS 2,489 million compared to net loss of ARS 2,025 million a year ago. Basic earnings per share from continuing operations was ARS 21.2585 compared to basic loss per share from continuing operations of ARS 16.9835 a year ago.
For the six months, sales was ARS 47,919 million compared to ARS 47,371 million a year ago. Net income was ARS 6,206 million compared to ARS 2,707 million a year ago. Basic earnings per share from continuing operations was ARS 52.9745 compared to ARS 22.7095 a year ago.
Loma Negra Compania Industrial Argentina SA is an Argentina-based vertically integrated company active in the cement industry. It produces and distribute cement, masonry cement, aggregates, concrete, and lime, primarily used in private and public construction, to wholesale distributors, concrete producers, and industrial customers, among others. The Company operates five segments: Cement, masonry cement and lime Argentina, Cement Paraguay, Concrete, Aggregates, Railroad and Others. Cement, masonry cement and lime Argentina includes the cement, masonry cement and lime business in Argentina. Cement Paraguay includes the cement business in Paraguay. Concrete includes principally the production and sale of ready-mix concrete. Aggregates includes the production and sale of granitic aggregates. Railroad includes the provision of the railroad transportation service. Others includes the industrial waste treatment and recycling business to produce materials for use as fuel o raw material.
LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA 
