Ercros, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
February 22, 2023 at 07:07 am EST
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Ercros, S.A. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 479.74 million compared to EUR 422.75 million a year ago. Net income was EUR 16.7 million compared to EUR 23.03 million a year ago.
Basic earnings per share from continuing operations was EUR 0.17 compared to EUR 0.23 a year ago. Diluted earnings per share from continuing operations was EUR 0.17 compared to EUR 0.23 a year ago.
Ercros SA is a Spain-based company engaged, together with its subsidiaries, in the chemical industry. The Companyâs products are structured into three business lines: Businesses Associated to Chlorine, which comprises the production of chlorine, ethyl acetate, caustic soda, sodium hypochlorite, dichloroethane, chloromethane, sodium chlorate and caustic potash, polyvinyl chloride (PCV), as well as water disinfectants; Intermediate Chemicals, which produces formaldehyde, glues and resins for the fiberboard and plywood industries, and Pharmaceuticals, which comprises raw material and intermediate products used in the pharmaceutical industry. The Company owns such subsidiaries as Marcoating SLU, Gades Ltd and Ercekol AIE, among others. In April 2014, it sold Fosfatos de Cartagena SLU to Timab Iberica.
ERCROS, S.A. 
