Grupo Kuo, S.A.B. De C.V. Reports Unaudited Consolidated and Combined Pro Forma Earnings Results for the Second-Quarter and Six Months Ended June 30, 2019
July 15, 2019
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Grupo KUO reported unaudited consolidated and combined pro forma earnings results for the second-quarter and six months ended June 30, 2019. For the quarter on consolidated basis, the company reported net revenue of MXN 7,047 million against MXN 6,876 million for the same period a year ago. Operating profit was MXN 1,285 million against MXN 990 million for the same period a year ago. Profit from continuing operations was MXN 819 million against loss of MXN 141 million for the same period a year ago. Consolidated - net profit attributable to controlling interests was MXN 820 million against loss of MXN 97 million for the same period a year ago.
For the six months on consolidated basis, the company reported net revenue of MXN 13,345 million against MXN 13,245 million for the same period a year ago. Operating profit was MXN 1,849 million against MXN 1,920 million for the same period a year ago. Profit from continuing operations was MXN 1,327 million against MXN 1,188 million for the same period a year ago. Consolidated - net profit attributable to controlling interests was MXN 1,328 million against MXN 1,201 million for the same period a year ago.
For the quarter on Combined Pro forma basis, the company reported net revenue of MXN 10,729 million against MXN 10,778 million for the same period a year ago. Operating profit was MXN 1,385 million against MXN 1,228 million for the same period a year ago. Profit from continuing operations was MXN 819 million against loss of MXN 142 million for the same period a year ago. Consolidated - net profit attributable to controlling interests was MXN 820 million against loss of MXN 97 million for the same period a year ago.
For the six months on Combined Pro forma basis, the company reported net revenue of MXN 20,746 million against MXN 20,764 million for the same period a year ago. Operating profit was MXN 2,020 million against MXN 2,316 million for the same period a year ago. Profit from continuing operations was MXN 1,327 million against MXN 1,186 million for the same period a year ago. Consolidated - net profit attributable to controlling interests was MXN 1,328 million against MXN 1,201 million for the same period 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. Reports Unaudited Consolidated and Combined Pro Forma Earnings Results for the Second-Quarter and Six Months Ended June 30, 2019
GRUPO KUO, S.A.B. DE C.V. 
