Grupo Traxión, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 24, 2022 at 12:29 pm EDT
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Grupo Traxión, 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 5,372.85 million compared to MXN 4,321.43 million a year ago. Net income was MXN 152.64 million compared to MXN 277.38 million a year ago. Basic earnings per share from continuing operations was MXN 0.2862 compared to MXN 0.5222 a year ago.
For the nine months, sales was MXN 14,837.22 million compared to MXN 12,536.48 million a year ago. Net income was MXN 490.8 million compared to MXN 717.47 million a year ago. Basic earnings per share from continuing operations was MXN 0.9255 compared to MXN 1.3421 a year ago.
Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.
GRUPO TRAXIÓN, S.A.B. DE C.V. 
