Loma Negra Compañía Industrial Argentina Sociedad Anónima Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 05:14 pm EST
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Loma Negra Compañía Industrial Argentina Sociedad Anónima reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was ARS 74,182 million compared to ARS 80,878 million a year ago. Net income was ARS 7,398 million compared to net loss of ARS 28,936 million a year ago. Basic earnings per share from continuing operations was ARS 63.41 compared to basic loss per share from continuing operations of ARS 247.15 a year ago. Diluted earnings per share from continuing operations was ARS 63.409 compared to diluted loss per share from continuing operations of ARS 247.1495 a year ago.
For the nine months, sales was ARS 210,559 million compared to ARS 220,154 million a year ago. Net income was ARS 19,627 million compared to net loss of ARS 10,900 million a year ago. Basic earnings per share from continuing operations was ARS 168.185 compared to basic loss per share from continuing operations of ARS 93.065 a year ago. Diluted earnings per share from continuing operations was ARS 168.187 compared to diluted loss per share from continuing operations of ARS 93.065 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 
