Vinte Viviendas Integrales, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
October 25, 2017
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Vinte Viviendas Integrales, S.A.B. de C.V. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of MXN 771 million against MXN 724 million a year ago. EBITDA was MXN 169 million against MXN 150 million a year ago. Earnings before tax were MXN 129 million against MXN 114 million a year ago. Net income was MXN 100 million against MXN 89 million a year ago. ROE was 17.7% against 24.0% a year ago. Net debt as of September 2017 was MXN 1,026 million against MXN 1,087 million as of September 2016. Operating income was MXN 147.137 million against MXN 129.857 million a year ago.
For the nine months, the company reported revenue of MXN 2,039.8 million against MXN 1,954.4 million a year ago. Earnings before tax were MXN 338.314 million against MXN 321.65 million a year ago. Net income was MXN 260.73 million against MXN 243.25 million a year ago. Operating income was MXN 378.4 million against MXN 361.3 million a year ago. Net cash flows from operating activities was MXN 50.45 million against cash flow used in operating activities of MXN 129.132 million a year ago. Investment in property, plant and equipment was MXN 15.869 million against MXN 18.197 million a year ago.
Vinte Viviendas Integrales SAB de CV is a Mexico-based company primarily engaged in the residential real estate development. The Company focuses on the design, construction, promotion and commercialization of residential properties. The Company's activities are divided into three areas: social housing, housing for medium-income families and residential housing. It offers single and multifamily properties with different floor area, rooms number, interior finish and surroundings, among others. In addition, the Company offers technical advisory related to architecture, construction and building installations. The Company operates in a range of Mexican states, such as Hidalgo, Queretaro, Quintana Roo, Puebla and Mexico.
Vinte Viviendas Integrales, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017