Grupo Kuo, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 20, 2021 at 01:11 am EDT
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Grupo KUO, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 10,142 million compared to MXN 6,322 million a year ago. Operating income was MXN 1,191 million compared to operating loss of MXN 1,085 million a year ago. Net income was MXN 964 million compared to MXN 365 million a year ago. For the half year, sales was MXN 18,797 million compared to MXN 13,807 million a year ago. Operating income was MXN 1,778 million compared to operating loss of MXN 778 million a year ago. Net income was MXN 1,046 million compared to net loss of MXN 2,488 million a year ago.
Grupo KUO SAB de CV is a Mexico-based industrial and commercial global holding company. The Company holds shares of entities located in Mexico, the United States, Spain, Belgium and China that are engaged in manufacture and sale of consumer business products, including processed food, beverages and pork meat, chemical products and auto parts. Its business includes six strategic business units (SBUs), including Pork Meat, JV Herdez Del Fuerte, JV Synthetic Rubber, Plastics, Transmissions and Aftermarket. The Pork Meat SBU is a producer of pork in Mexico and exporter to Japan and South Korea. The Aftermarket SBU offers engine, power train and brake systems components, and is an exporter of gaskets, seals and joints. Its principal subsidiaries include Keken, S.A. de C.V. and subsidiaries; KUO Consumo, S.A.P.I. de C.V.; Industrias Negromex, S.A. de C.V; Resirene, S.A. de C.V.; Transmisiones y Equipos Mecanicos, S.A. de C.V., and Dacomsa, S.A. de C.V.
GRUPO KUO, S.A.B. DE C.V. 
