Acosta Verde, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 02:45 pm EDT
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Acosta Verde, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 367.4 million compared to MXN 319.61 million a year ago. Net income was MXN 320.23 million compared to MXN 244.38 million a year ago. Basic earnings per share from continuing operations was MXN 5.33 compared to MXN 4.07 a year ago. Diluted earnings per share from continuing operations was MXN 4.16 compared to MXN 3.18 a year ago.
For the nine months, sales was MXN 1,062.94 million compared to MXN 907.74 million a year ago. Net income was MXN 428.88 million compared to MXN 438.65 million a year ago. Basic earnings per share from continuing operations was MXN 7.14 compared to MXN 7.31 a year ago. Diluted earnings per share from continuing operations was MXN 5.58 compared to MXN 5.7 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.
ACOSTA VERDE, S.A.B. DE C.V. 
