Compañía Minera Autlán, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 05:27 pm EDT
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Compañía Minera Autlán, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 86.36 million compared to USD 155.47 million a year ago. Net loss was USD 9.8 million compared to net income of USD 16.3 million a year ago. Basic loss per share from continuing operations was USD 0.03054 compared to basic earnings per share from continuing operations of USD 0.05051 a year ago. Diluted loss per share from continuing operations was USD 0.03054 compared to diluted earnings per share from continuing operations of USD 0.05051 a year ago.
For the nine months, sales was USD 288.12 million compared to USD 488.25 million a year ago. Net loss was USD 41.65 million compared to net income of USD 69.48 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to basic earnings per share from continuing operations of USD 0.2139 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to diluted earnings per share from continuing operations of USD 0.2139 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. 
