Accel, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 11:44 am EDT
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Accel, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 3,011.3 million compared to MXN 3,444.39 million a year ago. Net income was MXN 35.32 million compared to MXN 67.78 million a year ago. Basic earnings per share from continuing operations was MXN 0.18686 compared to MXN 0.358603 a year ago. Diluted earnings per share from continuing operations was MXN 0.18686 compared to MXN 0.358603 a year ago.
For the nine months, sales was MXN 9,486.89 million compared to MXN 9,714.97 million a year ago. Net income was MXN 204.5 million compared to MXN 191.74 million a year ago. Basic earnings per share from continuing operations was MXN 1.082015 compared to MXN 1.014471 a year ago. Diluted earnings per share from continuing operations was MXN 1.082015 compared to MXN 1.014471 a year ago.
Accel SAB de CV is a Mexico-based company engaged in the provision of outsourcing solutions. The Companyâs main activities are structured in two areas: Logistics Services, which offers such services as merchandise transport, warehousing, inventory administration and distribution center management, among others, and Manufacturing, which specializes in the production, packaging and sale of candies, sweets and dried fruits. In addition, it is involved in the real estate sector. As of December 31, 2011, the Company owned such subsidiaries as Almacenadora Accel SA, Elamex SA de CV, Accel Comercial SA de CV, Accel Servicios SA de CV, Accel Distribucion SA de CV, Servilogistics de Mexico SA de CV, Servicios Administrativos Accel SA de CV, Administradora de Servicios Accel SA de CV and Corporativo de Negocios de Comercio Exterior SA de CV, as well as it also held a 11.07% stake in Comercial Aerea SA de CV.
ACCEL, S.A.B. DE C.V. 
