Grupo México, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 26, 2023 at 02:34 pm EDT
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Grupo México, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 3,861.92 million compared to USD 3,764.06 million a year ago. Net income was USD 1,103.32 million compared to USD 1,018.02 million a year ago.
Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.13 a year ago.
Grupo Mexico, S.A.B. de C.V. is a holding company. The Company's principal activities are in the mining-metallurgic industry, the exploration, exploitation and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The Company's business lines include Mining, Transportation and Infrastructure. Its Mining Division is represented by its subsidiary Americas Mining Corporation, whose subsidiaries are Southern Copper Corporation in Mexico and Peru, and Asarco in the United States. Its Transportation Division is represented by its subsidiaries Infraestructura y Transportes Mexico, S.A. de C.V. and Grupo Mexico Transportes S.A. de C.V. Its subsidiaries are Grupo Ferroviario Mexicano, S.A. de C.V., Ferrocarril Mexicano, S.A. de C.V., Ferrosur, S. A. de C. V., Intermodal Mexico, S.A. de C.V., and Texas Pacifico, LP, Inc. Its Infrastructure Division is represented by its subsidiary Mexico Proyectos y Desarrollos, S.A. de C.V.