Consorcio Ara, S. A. B. De C. V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 22, 2021 at 03:25 pm EDT
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Consorcio ARA, S. A. B. De C. V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was MXN 1,583.615 million compared to MXN 1,432.074 million a year ago. Operating income was MXN 198.682 million compared to MXN 82.687 million a year ago. Net income was MXN 165.389 million compared to MXN 94.216 million a year ago. Basic earnings per share was MXN 0.13 compared to MXN 0.07 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. 
