Compañía Minera Autlán, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 05:19 pm EDT
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Compañía Minera Autlán, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 85.81 million compared to USD 175.78 million a year ago. Net loss was USD 19.39 million compared to net income of USD 26.77 million a year ago. Basic loss per share from continuing operations was USD 0.0597 compared to basic earnings per share from continuing operations of USD 0.08182 a year ago. Diluted loss per share from continuing operations was USD 0.0597 compared to diluted earnings per share from continuing operations of USD 0.08182 a year ago.
For the six months, sales was USD 201.76 million compared to USD 332.78 million a year ago. Net loss was USD 31.85 million compared to net income of USD 53.18 million a year ago. Basic loss per share from continuing operations was USD 0.0995 compared to basic earnings per share from continuing operations of USD 0.1634 a year ago. Diluted loss per share from continuing operations was USD 0.0995 compared to diluted earnings per share from continuing operations of USD 0.1634 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.
COMPAÑÍA MINERA AUTLÁN, S.A.B. DE C.V. 
