Convertidora Industrial, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 03:06 pm EDT
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Convertidora Industrial, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 485.43 million compared to MXN 469.87 million a year ago. Net income was MXN 24.09 million compared to MXN 25.02 million a year ago. Basic earnings per share from continuing operations was MXN 0.3 compared to MXN 0.31 a year ago. Diluted earnings per share from continuing operations was MXN 0.3 compared to MXN 0.31 a year ago.
For the nine months, sales was MXN 1,500.68 million compared to MXN 1,128.05 million a year ago. Net income was MXN 70.94 million compared to MXN 28.95 million a year ago. Basic earnings per share from continuing operations was MXN 0.88 compared to MXN 0.36 a year ago. Diluted earnings per share from continuing operations was MXN 0.88 compared to MXN 0.36 a year ago.
Convertidora Industrial SAB de CV (Conver) is a Mexico-based company engaged in the production, distribution and sale of plastic film for food packaging and articles used for party's decorations. The Company's business is structured in four divisions: Conver Empaque Flexible, which produces plastic films, printed reels, plastic bags and pouches used in the food packaging industry; Convergram, which comprises the production and marketing of a variety of balloons under the Kaleidoscope brand; Casematic, which specializes in the production of sausage casings, and Conver Publicidad, which includes the manufacturing and sale of such advertising gadgets as balloons, clappers, wall hangings and envelopes, which are intended for the promotion of other companiesâ logos. As of December 31, 2011, the Company owned such subsidiaries as Asesoria Ejecutiva de Negocios SA de CV, GlobosInter SA de CV, Conver-Industrial SA de CV and Convergram Mexico S de RL de CV.
CONVERTIDORA INDUSTRIAL, S.A.B. DE C.V. 
