Alfa, S. A. B. De C. V. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 21, 2020 at 05:33 pm EDT
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Alfa, S. A. B. De C. V. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was MXN 67,571 million compared to MXN 65,142 million a year ago. Operating income was MXN 6,249 million compared to MXN 4,505 million a year ago. Net income was MXN 3,766 million compared to MXN 1,166 million a year ago. For the nine months, total revenue was MXN 197,525 million compared to MXN 196,262 million a year ago. Operating income was MXN 13,198 million compared to MXN 12,424 million a year ago. Net income was MXN 5,152 million compared to MXN 4,246 million 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. 
