DINE, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 17, 2022 at 08:27 am EDT
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DINE, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 185.39 million compared to MXN 170 million a year ago. Net loss was MXN 316.69 million compared to MXN 10.88 million a year ago. Basic loss per share from continuing operations was MXN 0.5 compared to MXN 0.02 a year ago. Diluted loss per share from continuing operations was MXN 0.5 compared to MXN 0.02 a year ago.
For the nine months, sales was MXN 747.3 million compared to MXN 808.53 million a year ago. Net income was MXN 198.82 million compared to MXN 92.18 million a year ago. Basic earnings per share from continuing operations was MXN 0.31 compared to MXN 0.15 a year ago. Diluted earnings per share from continuing operations was MXN 0.31 compared to MXN 0.15 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. 
