Garovaglio y Zorraquín S.A. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was ARS 10,200.63 million compared to ARS 15,352.91 million a year ago. Net income was ARS 1,062.49 million compared to ARS 167.41 million a year ago. Basic earnings per share from continuing operations was ARS 24.15 compared to ARS 3.8 a year ago.
For the nine months, sales was ARS 41,271.71 million compared to ARS 47,226.85 million a year ago. Net loss was ARS 2,285.48 million compared to net income of ARS 590.9 million a year ago. Basic loss per share from continuing operations was ARS 51.94 compared to basic earnings per share from continuing operations of ARS 13.43 a year ago.