Corporación Moctezuma, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 10:41 am EDT
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Corporación Moctezuma, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 4,977.67 million compared to MXN 3,994.05 million a year ago. Net income was MXN 1,422.21 million compared to MXN 1,135.02 million a year ago. Basic earnings per share from continuing operations was MXN 1.65 compared to MXN 1.3 a year ago. Diluted earnings per share from continuing operations was MXN 1.65 compared to MXN 1.3 a year ago.
For the six months, sales was MXN 9,827.52 million compared to MXN 7,825.59 million a year ago. Net income was MXN 2,991.17 million compared to MXN 2,267.54 million a year ago. Basic earnings per share from continuing operations was MXN 3.47 compared to MXN 2.6 a year ago. Diluted earnings per share from continuing operations was MXN 3.47 compared to MXN 2.6 a year ago.
Corporacion Moctezuma SAB de CV is a Mexico-based company engaged, together with its subsidiaries, in the production, distribution and sale of cement and ready-mix concrete. The Companyâs products portfolio includes a variety of compound Portland cements, white cement and mortar; as well as structural, antibacterial, marine, high resistance, architectural and light concretes, among others. In addition, the Company is active in the provision of such support services as technical assessment, concrete pumping and placement of industrial and decorative floors.