Naturgy BAN, S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 08:46 pm EDT
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Naturgy BAN, S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was ARS 28,531.91 million compared to ARS 33,300.58 million a year ago. Net income was ARS 2,127.18 million compared to ARS 3,340.32 million a year ago. Basic earnings per share from continuing operations was ARS 6.534 compared to ARS 10.261 a year ago.
For the six months, sales was ARS 42,252.81 million compared to ARS 50,484.72 million a year ago. Net income was ARS 1,995.06 million compared to ARS 6,363.97 million a year ago. Basic earnings per share from continuing operations was ARS 6.128 compared to ARS 19.549 a year ago.
Naturgy BAN SA, formerly Gas Natural BAN SA, is an Argentina-based company primarily engaged in the distribution and supply of natural gas in the northern and western areas of the Buenos Aires Province. The Company's distribution area comprises around 15,000 square kilometers that include industrial parks and urban areas. In addition, the Company operates the Peak Shaving Plant, a plant active in the cryogenic storage of liquefied natural gas (LNG). Also, Naturgy offers a variety of products and services related with the natural gas.