Grupe, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 25, 2022 at 04:55 pm EDT
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Grupe, 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 908.19 million compared to MXN 661.16 million a year ago. Net income was MXN 36.28 million compared to net loss of MXN 24.18 million a year ago. Basic earnings per share from discontinued operations was MXN 0.5355 compared to Basic loss per share from discontinued operations of MXN 0.3493 a year ago. Basic earnings per share was MXN 0.5355 compared to Basic loss per share of MXN 0.3493 a year ago.
For the nine months, sales was MXN 2,533.24 million compared to MXN 1,839.49 million a year ago. Net income was MXN 328.44 million compared to MXN 184.71 million a year ago. Basic earnings per share from discontinued operations was MXN 5.0743 compared to MXN 2.8701 a year ago. Basic earnings per share was MXN 5.0743 compared to MXN 2.8701 a year ago.
Grupe SAB de CV is a Mexico-based company engaged in the hospitality industry. The Company's activities are divided into four business segments: Hotel Services, Timeshare, Real Estate and Clubs. The Hotel Services division owns and manages El Cid Resorts, located in Mazatlan, Cancun and Cozumel, Mexico. The Timeshare area is responsible for the operation and leasing of timeshare properties. The Real Estate segment focuses on the development and management of hotel properties. The Clubs area operates resorts restaurants and entertainment infrastructure, including marinas, spa services, golf courses, tennis courts, swimming pools, events hosting, island tours, horseback riding, biking and scuba diving, among others. The Company owns a range of subsidiaries, such as Marina del Sabalo SA de CV, Operadora Turistica La Mazatleca SA de CV and Promotours del Noroeste SA de CV.
GRUPE, S.A.B. DE C.V. 
