Cox Energy América, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 09:53 pm EDT
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Cox Energy América, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 157.18 million compared to MXN 80.35 million a year ago. Net loss was MXN 29.84 million compared to MXN 41.6 million a year ago. Basic loss per share from continuing operations was MXN 0.18 compared to MXN 0.25 a year ago. Diluted loss per share from continuing operations was MXN 0.18 compared to MXN 0.25 a year ago.
For the nine months, sales was MXN 436.09 million compared to MXN 291.87 million a year ago. Net loss was MXN 70.89 million compared to MXN 137.07 million a year ago. Basic loss per share from continuing operations was MXN 0.43 compared to MXN 0.83 a year ago. Diluted loss per share from continuing operations was MXN 0.43 compared to MXN 0.83 a year ago.
Cox Energy SAB de CV (Cox Energy) is a Mexico-based company operating in the electric power industry. The Company's main activity is the generation of renewable solar photovoltaic energy through the development, promotion and operation of photovoltaic plants in Latin American countries. Cox Energy also participates in the distribution and commercialization of this energy.