Loma Negra Compañía Industrial Argentina Sociedad Anónima Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022
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Loma Negra Compañía Industrial Argentina Sociedad Anónima reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was ARS 33,941.88 million compared to ARS 32,580.21 million a year ago. Net loss was ARS 12,143.7 million compared to net income of ARS 2,778.73 million a year ago. Basic loss per share from continuing operations was ARS 103.721 compared to basic earnings per share from continuing operations of ARS 23.513 a year ago.
For the nine months, sales was ARS 92,391.91 million compared to ARS 90,361.97 million a year ago. Net loss was ARS 4,574.37 million compared to net income of ARS 6,080.75 million a year ago. Basic loss per share from continuing operations was ARS 39.0565 compared to basic earnings per share from continuing operations of ARS 51.2485 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 
