Acosta Verde, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:07 pm EDT
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Acosta Verde, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 282.58 million compared to MXN 249.59 million a year ago. Revenue was MXN 298.73 million compared to MXN 294.11 million a year ago. Net income was MXN 144 million compared to net loss of MXN 20.32 million a year ago. Basic earnings per share from continuing operations was MXN 2.4. Diluted earnings per share from continuing operations was MXN 1.87.
For the six months, sales was MXN 556.84 million compared to MXN 465.07 million a year ago. Revenue was MXN 588.13 million compared to MXN 539.33 million a year ago. Net income was MXN 194.27 million compared to MXN 204.77 million a year ago. Basic earnings per share from continuing operations was MXN 3.24 compared to MXN 3.98 a year ago. Diluted earnings per share from continuing operations was MXN 2.53 compared to MXN 3.03 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.