Consorcio ARA, S. A. B. De C. V. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
February 21, 2018
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Consorcio ARA, S. A. B. de C. V. announced earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of MXN 2,202.5 million against MXN 2,071.2 million a year ago. Income from operations was MXN 263.4 million against MXN 245.2 million a year ago. Income before Income taxes was MXN 303.1 million against MXN 272.3 million a year ago. Net income was MXN 223.4 million against MXN 212.0 million a year ago. EBITDA was MXN 308.2 million against MXN 303.0 million a year ago.
For the year, the company reported revenue of MXN 8,347.7 million against MXN 7,632.5 million a year ago. Income from operations was MXN 1,022.2 million against MXN 904.0 million a year ago. Income before income taxes was MXN 1,147.6 million against MXN 1,010.5 million a year ago. Net income was MXN 912.0 million against MXN 735.6 million a year ago. EBITDA was MXN 1,223.1 million against MXN 1,115.6 million a year ago. Net cash provided by operating activities was MXN 1,201.4 million against MXN 536.5 million a year ago. Purchasing of property, machinery and equipment was MXN 28.6 million against MXN 50.4 million a year ago. Net debt as of December 31, 2017 was MXN 29.9 million against MXN 847.2 million as of December 31, 2016.
For 2018, the company estimates revenue growth above 6% and a net margin of around 10%, as well as free cash flow to the firm totaling approximately MXN 450 million.
Consorcio Ara SAB de CV is a Mexico-based company engaged in the real estate sector. The Companyâs main activities include the design, construction, promotion, leasing and sale of residential properties. Its housing portfolio is divided into four business lines: Progressive, Social Interest, Medium and Residential. The Company is also involved in the development, management and leasing of supermarkets and shopping centers located in the State of Mexico, Baja California and Veracruz. The Company operates through a number of subsidiaries, such as Consorcio de Ingenieria Integral SA de CV, Proyectos Urbanos Ecologicos SA de CV, Constructora y Urbanizadora Ara SA de CV, Asesoria Tecnica y Administrativa Gavi SA de CV, Promotora y Desarrolladora de Centros Comerciales SA de CV, Desarrollos Inmobiliarios Turisticos Ara SA de CV and Inmobiliaria el Globo SA de CV.
Consorcio ARA, S. A. B. De C. V. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
CONSORCIO ARA, S. A. B. DE C. V. 
