MHP SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 16, 2022 at 02:00 am EST
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MHP SE reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 727.38 million compared to USD 658.01 million a year ago. Net loss was USD 174.41 million compared to net income of USD 134.89 million a year ago. Basic loss per share from continuing operations was USD 1.63 compared to basic earnings per share from continuing operations of USD 1.26 a year ago. Basic loss per share was USD 1.63 compared to basic earnings per share of USD 1.26 a year ago.
For the nine months, sales was USD 1,876.12 million compared to USD 1,646.59 million a year ago. Net loss was USD 257.87 million compared to net income of USD 360.46 million a year ago. Basic loss per share from continuing operations was USD 2.41 compared to basic earnings per share from continuing operations of USD 3.37 a year ago. Basic loss per share was USD 2.41 compared to basic earnings per share of USD 3.37 a year ago.
MHP SE is an agro-industrial holding company. The Company focuses on the production of poultry and cultivation of grain. The Company's segments are Poultry and related operations, Grain growing operations and Other agricultural operations. The Poultry and related operations segment is engaged in producing and selling chicken products, vegetable oil, soybean oil and mixed fodder. It includes over four chicken and approximately two breeder farms, over two sunflower oil plants and a soya crushing plant, over four feed mills and food facilities. The Grain growing operations segment is engaged in growing crops for fodder and for sale to third parties on over 360,000 hectares of land, including arable farms and grain storage facilities in plastic bags. The Other agricultural operations segment is engaged in producing and selling sausages and cooked meat, beef, goose and foie gras, and fruit. It includes a mixed farm, a goose farm and over two facilities for producing meat products.