Industrias Peñoles, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 1,634.46 million compared to USD 1,536.94 million a year ago. Net loss was USD 23.18 million compared to net income of USD 22.27 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
For the six months, sales was USD 3,030.92 million compared to USD 2,949.97 million a year ago. Net loss was USD 62.19 million compared to net income of USD 25.69 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
Industrias Penoles SAB de CV is a Mexico-based company engaged in the mining industry. The Company's activities are divided into four business segments: Precious metals, Base metals, Metallurgical and Others. The Precious metals division is responsible for the extraction and processing of silver and gold concentrates. The Base metals area focuses on mineral exploration, extraction and processing of zinc, lead and copper concentrates. The Metallurgical segment provides treating and refining of precious and base metals concentrates. The Others division includes production and sale of chemical products, mainly sodium sulfate, operation of water treatment and rail transportation concessions, as well as administrative and operating support activities. It operates through a range of subsidiaries, such as Minas Penoles SA de CV and Quimica Magna SA de CV. The Company is a part of BAL Group.
