Compañía Minera Autlán, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:15 am EDT
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Compañía Minera Autlán, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 157 million compared to USD 91.8 million a year ago. Net income was USD 26.41 million compared to net loss of USD 2.53 million a year ago. Basic earnings per share from continuing operations was USD 0.07865 compared to basic loss per share from continuing operations of USD 0.00706 a year ago. Diluted earnings per share from continuing operations was USD 0.07865 compared to diluted loss per share from continuing operations of USD 0.00706 a year ago.
Compania Minera Autlan SAB de CV is a Mexico-based company primarily engaged in the mining, exploitation, production and sale of manganese ore and manganese ferroalloys. The Companyâs activities are divided into three divisions: Ferroalloys, Manganese and Energy. The Ferroalloys division is responsible for the manufacture of manganese ferroalloys for steel sector, including high, medium and low carbon ferromanganese, as well as silicomanganese, among others. The Manganese division focuses on manufacturing of manganese nodules, manganese carbonates, battery and ceramic grade natural manganese dioxides and manganous oxide. The Energy division generates energy through hydroelectric power plant. The Company operates through a number of subsidiaries, such as Autlan Metal Services SA de CV, which offers complementary products of the steel industry to its customers. The Company is owned by Autlan Holding SAPI de CV.