Dine, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 16, 2021 at 11:21 am EST
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DINE, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 427.140 million compared to MXN 288.891 million a year ago. Operating loss was MXN 1.688 million compared to MXN 41.325 million a year ago. Net income was MXN 69.755 million compared to net loss of MXN 35.246 million a year ago. For the full year, sales was MXN 761.224 million compared to MXN 1,987.000 million a year ago. Operating loss was MXN 117.402 million compared to operating Income of MXN 163.294 million a year ago. Net loss was MXN 42.497 million compared to net income of MXN 85.808 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. 
