The Union Sugar Estates Co. Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MUR 11.67 million compared to MUR 18.31 million a year ago. Net loss was MUR 20.01 million compared to net income of MUR 57.45 million a year ago. Basic loss per share from continuing operations was MUR 1.06 compared to basic earnings per share from continuing operations of MUR 3.11 a year ago. Basic loss per share was MUR 1.06 compared to basic earnings per share of MUR 3.04 a year ago.
For the six months, sales was MUR 17.75 million compared to MUR 31.16 million a year ago. Net income was MUR 7.07 million compared to MUR 70.76 million a year ago. Basic earnings per share from continuing operations was MUR 0.38 compared to MUR 3.84 a year ago. Basic earnings per share was MUR 0.37 compared to MUR 3.74 a year ago.