Sociedad Matriz SAAM S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 126.87 million compared to USD 107.06 million a year ago. Net income was USD 17.64 million compared to USD 23.43 million a year ago.

Basic earnings per share from continuing operations was USD 0.001 compared to USD 0.0006 a year ago. Basic earnings per share was USD 0.0018 compared to USD 0.0024 a year ago. Diluted earnings per share was USD 0.0018 compared to USD 0.0024 a year ago.