Alfa, S. A. B. De C. V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 11, 2021 at 03:42 pm EST
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Alfa, 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 66,329.095 million compared to MXN 64,139.097 million a year ago. Operating income was MXN 4,729.243 million compared to MXN 5,794.328 million a year ago. Net loss was MXN 1,223.487 million compared to net income of MXN 1,560.408 million a year ago. Basic loss per share was MXN 0.25 compared to basic earnings per share of MXN 0.31 a year ago. Basic loss per share from continuing operations was MXN 1.78 compared to basic earnings per share from continuing operations of MXN 0.16 a year ago. For the full year, sales was MXN 263,866.696 million compared to MXN 260,400.616 million a year ago. Operating income was MXN 17,566.076 million compared to MXN 18,218.655 million a year ago. Net income was MXN 3,928.687 million compared to MXN 5,806.823 million a year ago. Basic earnings per share was MXN 0.8 compared to MXN 1.15 a year ago. Basic loss per share from continuing operations was MXN 0.59 compared to basic earnings per share from continuing operations of MXN 0.72 a year ago.
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
ALFA S.A.B. DE C.V. 
