Fertilizantes Heringer reported a third-quarter loss of R$110.8 million on revenues of R$1.8 billion, down from year-ago income of R$101.3 million and revenues of R$1.31 billion. EBITDA was a negative R$45.9 million, down from the year-ago R$257.5 million.
While third-quarter volumes were only off 3.6% to 426,601 mt from the year-ago 448,886 mt, a different story was told with respect to conventional and specialty fertilizers. Conventional volumes were up 25.5%, to 288,000 mt from 229,000 mt, while specialty was off 34%, to 145,000 mt from 220,000 mt.
Nine-month volumes were off 8.2%, to 975,965 from 1.06 million mt. The conventional volumes were up 2.9%, to 570,000 mt from the year-ago 554,000 mt, while specialty was down 20.3%, to 406,000 mt from 509,000 mt.
Heringer posted a nine-month loss of R$77.1 million on revenues of R$4.1 billion, down from the year-ago income of R$238.6 million and revenues of $2.62 billion. EBITDA was R$63.3 million, down from the year-ago R$467.1 million.