Consorcio Aristos, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 09:33 am EDT
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Consorcio Aristos, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 458.61 million compared to MXN 285.8 million a year ago. Net income was MXN 32.48 million compared to MXN 10.04 million a year ago. Basic earnings per share from continuing operations was MXN 0.06 compared to MXN 0.02 a year ago. Diluted earnings per share from continuing operations was MXN 0.06 compared to MXN 0.02 a year ago.
For the nine months, sales was MXN 1,609.06 million compared to MXN 1,247.39 million a year ago. Net income was MXN 95.9 million compared to MXN 60.74 million a year ago. Basic earnings per share from continuing operations was MXN 0.18 compared to MXN 0.11 a year ago. Diluted earnings per share from continuing operations was MXN 0.18 compared to MXN 0.11 a year ago.
Consorcio Aristos SAB de CV is a Mexico-based holding company primarily engaged in the real estate sector. The Companyâs main activities include the development, leasing and sale of residential, commercial and industrial properties, such as hotels and restaurants. In addition, the Company is involved in the provision of consultancy services intended for the development of architectural projects, as well as in the manufacturing and installation of steel products. As of December 31, 2011, the Company owned such subsidiaries as Inmobiliaria Abandanes SA de CV, Pet de Frontera SA de CV, Torres, Estructuras y Postes de Puebla SA de CV (TEPSA), Alfa Proveedores y Contratistas SA de CV, Hotel Aristos Zacatecas SA de CV and Inmobiliaria Abandanes SA de CV.
CONSORCIO ARISTOS, S.A.B. DE C.V. 
