Fertilizantes Heringer S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 04:22 pm
Share
Fertilizantes Heringer S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was BRL 366.874 million compared to BRL 1,185.896 million a year ago. Operating income was BRL 1.140 million compared to operating loss of BRL 35.551 million a year ago. Net loss was BRL 135.906 million compared to BRL 117.385 million a year ago. For the nine months, total revenue was BRL 692.754 million compared to BRL 3,112.500 million a year ago. Net loss was BRL 246.479 million compared to BRL 441.451 million a year ago.
Fertilizantes Heringer SA is a Brazil-based company primarily engaged in the production, marketing and distribution of fertilizers under the Heringer brand name. The Company organizes its business into two segments: Industrial, which constists of sulfuric acid and single super phosphate (SSP) production plant, and Mixing Plants segment, which includes fertilizer mixing industrial units. As of December 31, 2011, the Company operated 19 fertilizer mixing plants. The Companyâs products are used in the crop production sector, including farming of cane, soybeans, corn and coffee, among others. Through its subsidiary Logfert Transportes SA, the Company is also involved in the road transport operations. On January 4, 2012, it acquired Maxifertil Fertilizantes Ltda, located in the municipality of Porto Alegre. On June 29, 2012, the Company completed the operation of merger by incorporation of its subsidiary Maxifertil Fertilizantes Ltda.
FERTILIZANTES HERINGER S.A. 
