Acosta Verde, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:08 pm EDT
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Acosta Verde, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MXN 274.27 million compared to MXN 215.48 million a year ago. Revenue was MXN 289.4 million compared to MXN 245.22 million a year ago. Net income was MXN 50.27 million compared to MXN 225.09 million a year ago. Basic earnings per share from continuing operations was MXN 0.84 compared to MXN 5.62 a year ago. Diluted earnings per share from continuing operations was MXN 0.65 compared to MXN 4.04 a year ago.
Acosta Verde SAB de CV is a Mexico-based company which operates in the Real Estate Rental, Development & Operations Industry. The corporate purpose of the Company is to participate as a partner, shareholder or investor in companies, associations, trusts or entities of any kind, as well as selling, assigning, transferring, negotiating, pledging, encumbering or otherwise disposing of said shares, partnerships or other interest. The Company operates in developing, operating, managing, assigning, marketing and carrying out any activity related to real estate projects for sale or rent and wide range of buildings, including, without limitation, industrial, residential, commercial, offices, hotels, and mixed use, whether in Mexico or abroad.