DINE, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
February 13, 2017
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DINE, S.A.B. de C.V. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net sales were MXN 309.7 million against MXN 99.3 million a year ago. Operating result was MXN 47.0 million against loss of MXN 74.1 million a year ago. Result before income taxes was MXN 27.7 million against loss of MXN 23.0 million a year ago. Net result was MXN 151.7 million against MXN 38.9 million a year ago. Operating cash flow was MXN 130.1 million against MXN 138.9 million a year ago.
For the year, the company reported net sales were MXN 794.2 million against MXN 530.2 million a year ago. Operating loss was MXN 17.9 million against MXN 145.1 million a year ago. Loss before income taxes was MXN 31.1 million against MXN 18.6 million a year ago. Net result was MXN 181.0 million against MXN 120.4 million a year ago. Operating cash flow was MXN 353.4 million against MXN 285.4 million a year ago.
Dine SAB de CV is a Mexico-based company principally engaged in the real estate sector. The Company focuses on the construction and promotion of residential and touristic properties, as well as development of large-scale corporate and commercial spaces. Its project portfolio includes the Punta Mita and Punta Ixtapa resorts, the Bosques de Santa Fe, Bosques de las Lomas and Torres del Parque residential real estate, the Arcos Bosques Corporativo offices complex, as well as the Santa Fe shopping center, among others. The Company operates through a range of subsidiaries, such as Cantiles de Mita SA de CV, Servicios Administrativos Punta Mita SA de CV, Operadora de Nayarit SA de CV, Servicios Administrativos Dine SA de CV and Turistica Akko SA de CV.
DINE, S.A.B. DE C.V. 
