Parque Arauco S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 08:07 pm EDT
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Parque Arauco S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CLP 61,104.06 million compared to CLP 46,727.65 million a year ago. Net income was CLP 7,134.73 million compared to CLP 7,887.47 million a year ago. Basic earnings per share from continuing operations was CLP 7.88 compared to CLP 8.71 a year ago. Diluted earnings per share from continuing operations was CLP 7.88 compared to CLP 8.71 a year ago.
For the nine months, sales was CLP 170,365.28 million compared to CLP 109,545.89 million a year ago. Net income was CLP 59,529.91 million compared to net loss of CLP 2,057.47 million a year ago. Basic earnings per share from continuing operations was CLP 65.73 compared to basic loss per share from continuing operations of CLP 2.27 a year ago. Diluted earnings per share from continuing operations was CLP 65.73 compared to diluted loss per share from continuing operations of CLP 2.27 a year ago.
Parque Arauco SA is a Chile-based company engaged in the real estate industry. The Company focuses on the acquisition, development and management of multi-format real estate assets, mainly for commercial use. The Company owns and operates various formats of shopping centers, such as regional, neighborhood, outlet malls and strip centers. It rents commercial space to department stores, home improvement stores, supermarkets, restaurants, cinemas, as well as health centers, among others. Its projects portfolio comprises Parque Arauco Kennedy, Arauco Chillan, Arauco San Antonio, Larcomar, Parque Lambramani and Parque Caracoli, among others. The Company is present in a number of Latin American countries, including Chile, Peru and Colombia.
PARQUE ARAUCO S.A. 
