Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was ARS 131,509.94 million compared to ARS 135,461.3 million a year ago. Net loss was ARS 1,475.49 million compared to net income of ARS 5,553.64 million a year ago.
For the six months, sales was ARS 249,716.39 million compared to ARS 240,175.17 million a year ago. Net income was ARS 4,988.5 million compared to ARS 8,472.55 million a year ago.
Mirgor SACIFIA is an Argentina-based company primarily engaged in the household electronics manufacture. The Company's activities are structured in two business segments: Automotive, which is specialized in the production and distribution of automotive air conditioning systems, gearboxes, heat exchanger units and wheel assemblies, and Home Electronic Appliances, which is involved in the manufacture and commercialization of residential and commercial air conditioning units, microwave ovens, monitor screens, notebooks, sound equipment and cellular phones under Samsung brand name, among others. The Company operates through a number of subsidiaries, such as Industria Austral de Tecnologia SA (IATEC), Interclima SA and Capdo SA. It is controlled by II Tevere SA.
Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023