DINE, S.A.B. de C.V. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2012
July 16, 2012
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DINE, S.A.B. de C.V. reported unaudited consolidated earnings results for the second quarter ended June 30, 2012. For the quarter, the company reported net sales of MXN 58.80 million compared to MXN 166.80 million a year ago. Loss before other income was MXN 55.20 million compared to MXN 44.80 million a year ago. Operating loss was MXN 55.30 million compared to MXN 42.70 million a year ago. Loss before taxes was MXN 75.60 million compared to MXN 48.20 million a year ago. Net mayoralty was MXN 37.00 million compared to MXN 58.70 million a year ago. Operating cash outflow was MXN 7.4 million compared to operating cash inflow of MXN 0.2 million a year ago. At the end of second quarter of 2012 net debt was MXN 62 million, representing an increase of MXN 20 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. 
