Compañía Minera Autlán, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 23, 2023 at 02:50 pm EST
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Compañía Minera Autlán, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 135.9 million compared to USD 135.31 million a year ago. Net loss was USD 41.73 million compared to USD 2.58 million a year ago. Basic loss per share from continuing operations was USD 0.12928. Diluted loss per share from continuing operations was USD 0.12928.
For the full year, sales was USD 624.15 million compared to USD 450.36 million a year ago. Net income was USD 27.75 million compared to USD 3.61 million a year ago. Basic earnings per share from continuing operations was USD 0.0846. Diluted earnings per share from continuing operations was USD 0.0846.
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.
COMPAÑÍA MINERA AUTLÁN, S.A.B. DE C.V. 
