DINE, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 17, 2023 at 10:46 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, 2023. For the third quarter, the company reported sales was MXN 221.38 million compared to MXN 185.39 million a year ago. Net loss was MXN 437.01 million compared to MXN 316.69 million a year ago. Basic loss per share from continuing operations was MXN 0.69 compared to MXN 0.5 a year ago. Diluted loss per share from continuing operations was MXN 0.69 compared to MXN 0.5 a year ago.
For the nine months, sales was MXN 876.44 million compared to MXN 747.3 million a year ago. Net loss was MXN 76.16 million compared to net income of MXN 198.82 million a year ago. Basic loss per share from continuing operations was MXN 0.12 compared to basic earnings per share from continuing operations of MXN 0.31 a year ago. Diluted loss per share from continuing operations was MXN 0.12 compared to diluted earnings per share from continuing operations of MXN 0.31 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. 
