Transportadora de Gas del Sur S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 05, 2024 at 03:02 am IST
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Transportadora de Gas del Sur S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was ARS 102,476 million compared to ARS 123,358 million a year ago. Revenue was ARS 102,476 million compared to ARS 123,358 million a year ago. Net loss was ARS 23,461 million compared to net income of ARS 16,697 million a year ago. Basic loss per share from continuing operations was ARS 31.17 compared to basic earnings per share from continuing operations of ARS 22.17 a year ago.
For the full year, sales was ARS 452,808 million compared to ARS 512,343 million a year ago. Revenue was ARS 452,809 million compared to ARS 512,343 million a year ago. Net income was ARS 23,518 million compared to ARS 100,640 million a year ago. Basic earnings per share from continuing operations was ARS 31.24 compared to ARS 133.69 a year ago.
Transportadora de Gas del Sur S.A. is an Argentina-based company, which is principally engaged in the provision of public natural gas transportation services and the production and commercialization of natural gas liquids. The Company operates gas pipeline system in Latin America. The trunk gas pipeline system of the Company connects the main gas fields in the south and west of Argentina with gas distributors and industrial gas distributors and industrial customers in those areas and in greater Buenos Aires. In addition, it provides midstream services, which mainly consist of the treatment, separation of impurities and compression of natural gas, gathering and transportation of natural gas in reservoirs, as well as gas pipeline construction, operation and maintenance services.