DINE, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 10:44 am EDT
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DINE, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 224.5 million compared to MXN 201.55 million a year ago. Net income was MXN 151.56 million compared to MXN 234.84 million a year ago. Basic earnings per share from continuing operations was MXN 0.24 compared to MXN 0.37 a year ago. Diluted earnings per share from continuing operations was MXN 0.24 compared to MXN 0.37 a year ago.
For the six months, sales was MXN 655.06 million compared to MXN 561.92 million a year ago. Net income was MXN 360.85 million compared to MXN 515.52 million a year ago. Basic earnings per share from continuing operations was MXN 0.57 compared to MXN 0.81 a year ago. Diluted earnings per share from continuing operations was MXN 0.57 compared to MXN 0.81 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. 
