DINE, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 15, 2023 at 01:20 am EST
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DINE, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 347.13 million compared to MXN 470.21 million a year ago. Net income was MXN 17.98 million compared to net loss of MXN 9.62 million a year ago. Basic earnings per share from continuing operations was MXN 0.03 compared to basic loss per share from continuing operations of MXN 0.02 a year ago. Diluted earnings per share from continuing operations was MXN 0.03 compared to diluted loss per share from continuing operations of MXN 0.02 a year ago.
For the full year, sales was MXN 1,094.44 million compared to MXN 1,278.74 million a year ago. Net income was MXN 216.81 million compared to MXN 82.56 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. 
