Corporación Interamericana de Entretenimiento, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022
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Corporación Interamericana de Entretenimiento, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 370 million compared to MXN 901 million a year ago. Net income was MXN 112 million compared to net loss of MXN 152 million a year ago.
For the six months, sales was MXN 744 million compared to MXN 1,689 million a year ago. Net income was MXN 181 million compared to net loss of MXN 269 million a year ago.
Corporacion Interamericana de Entretenimiento SAB de CV (CIE) is a Mexico-based company engaged in the leisure sector. The Company's 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 children's 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.