Consorcio Ara, S. A. B. De C. V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 23, 2021 at 03:30 pm EST
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Consorcio ARA, 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 1,554.888 million compared to MXN 1,755.585 million a year ago. Operating income was MXN 151.047 million compared to MXN 136.482 million a year ago. Net income was MXN 125.755 million compared to MXN 139.961 million a year ago. Basic earnings per share was MXN 0.1 compared to MXN 0.11 a year ago.
For the full year, sales was MXN 5,459.833 million compared to MXN 7,678.505 million a year ago. Operating income was MXN 465.936 million compared to MXN 839.235 million a year ago. Net income was MXN 400.815 million compared to MXN 704.393 million a year ago. Basic earnings per share was MXN 0.31 compared to MXN 0.55 a year ago.
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. 
