Mirgor Sociedad An?nima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021
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Mirgor Sociedad An?nima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was ARS 39,162.26 million compared to ARS 27,325.48 million a year ago. Net income was ARS 2,231.82 million compared to ARS 2,911.71 million a year ago. Basic earnings per share from continuing operations was ARS 10.41 compared to ARS 16.39 a year ago.
For the nine months, sales was ARS 110,724.24 million compared to ARS 59,396.94 million a year ago. Net income was ARS 6,394.38 million compared to ARS 2,332.05 million a year ago. Basic earnings per share from continuing operations was ARS 33.84.
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 An?nima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021