DINE, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 10:56 am EST
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DINE, 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 512.66 million compared to MXN 347.13 million a year ago. Net loss was MXN 31.34 million compared to net income of MXN 17.98 million a year ago. Basic loss per share from continuing operations was MXN 0.05 compared to basic earnings per share from continuing operations of MXN 0.03 a year ago. Diluted loss per share from continuing operations was MXN 0.05 compared to diluted earnings per share from continuing operations of MXN 0.03 a year ago.
For the full year, sales was MXN 1,389.1 million compared to MXN 1,094.44 million a year ago. Net loss was MXN 107.5 million compared to net income of MXN 216.81 million a year ago. Basic loss per share from continuing operations was MXN 0.17 compared to basic earnings per share from continuing operations of MXN 0.34 a year ago. Diluted loss per share from continuing operations was MXN 0.17 compared to diluted earnings per share from continuing operations of MXN 0.34 a year ago.
Dine SAB de CV is a Mexico-based company principally engaged in the real estate sector. The Company focuses on the construction and promotion of residential and touristic properties, as well as development of large-scale corporate and commercial spaces. Its project portfolio includes the Punta Mita and Punta Ixtapa resorts, the Bosques de Santa Fe, Bosques de las Lomas and Torres del Parque residential real estate, the Arcos Bosques Corporativo offices complex, as well as the Santa Fe shopping center, among others. The Company operates through a range of subsidiaries, such as Cantiles de Mita SA de CV, Servicios Administrativos Punta Mita SA de CV, Operadora de Nayarit SA de CV, Servicios Administrativos Dine SA de CV and Turistica Akko SA de CV.
DINE, S.A.B. DE C.V. 
