Corporación Interamericana de Entretenimiento, S.A.B. de C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 27, 2020
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Corporación Interamericana de Entretenimiento, S.A.B. de C.V. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was MXN 525 million compared to MXN 2,307 million a year ago. Operating loss was MXN 826 million compared to operating Income of MXN 318 million a year ago. Net loss was MXN 617 million compared to net income of MXN 15 million a year ago.
For the half year, sales was MXN 2,864 million compared to MXN 4,801 million a year ago. Operating loss was MXN 565 million compared to operating Income of MXN 691 million a year ago. Net loss was MXN 559 million compared to MXN 111 million a year ago.
Corporacion Interamericana de Entretenimiento SAB de CV (CIE) is a Mexico-based company engaged in the leisure sector. The Companyâs business activities are structured in four divisions: CIE Entretenimiento, which specializes in the organization and sponsorship of concerts and live performances, venue management, ticketing, souvenirs sales and artist management and representation; CIE Las Americas, active in the gaming sector, as well as it manages the Complejo Las Americas, an entertainment complex that comprises a hippodrome, a convention center, a childrenâs theme park and restaurants; CIE Parques de Diversiones, which operates two amusement parks located in Colombia, and CIE Commercial, which offers advertising and marketing services. As of December 31, 2011, the Company owned such subsidiaries as Ocesa Anfiteatro SA de CV, Operadora de Centros de Espectaculos SA de CV, CIE Internacional SA de CV and Publitop SA de CV, among others.
CORPORACIÓN INTERAMERICANA DE ENTRETENIMIENTO, S.A.B. DE C.V. 
