Cydsa, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 12:08 pm EST
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Cydsa, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 3,786.93 million compared to MXN 3,649.65 million a year ago. Net income was MXN 483.99 million compared to MXN 536.39 million a year ago. Basic earnings per share from continuing operations was MXN 0.89 compared to MXN 0.98 a year ago. Diluted earnings per share from continuing operations was MXN 0.89 compared to MXN 0.98 a year ago. Basic earnings per share was MXN 0.89 compared to MXN 0.98 a year ago. Diluted earnings per share was MXN 0.89 compared to MXN 0.98 a year ago.
For the full year, sales was MXN 14,159.95 million compared to MXN 13,612.3 million a year ago. Net income was MXN 2,071.56 million compared to MXN 1,217.9 million a year ago. Basic earnings per share from continuing operations was MXN 3.83 compared to MXN 2.23 a year ago. Diluted earnings per share from continuing operations was MXN 3.83 compared to MXN 2.23 a year ago. Basic earnings per share was MXN 3.83 compared to MXN 2.23 a year ago. Diluted earnings per share was MXN 3.83 compared to MXN 2.23 a year ago.
Cydsa SAB de CV (Cydsa) is a Mexico-based holding company engaged, through its subsidiaries, in the industrial sector. The Company's business is structured in two divisions: Chemicals and Yarns. The Chemicals Division comprises the production and distribution of such chemicals as refined edible salts, industrial salts, caustic soda, sodium hypochlorite and refrigerant gasses, among others. The Yarns Division mainly specializes in the manufacture and sale of acrylic and cotton threads and fibers for the textile industry. As of December 31, 2011, the Company owned such subsidiaries as Valores Quimicos SA de CV, Sales del Istmo SA de CV, Industria Quimica del Istmo SA de CV and Quimobasicos SA de CV, among others. In February 2013, the Company created a new area of business: Real Estate Development, which aims to identify, develop and capitalize opportunities in the field of real estate development.
CYDSA, S.A.B. DE C.V. 
