Dine, S.A.B. De C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 20, 2021 at 10:51 am EDT
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DINE, S.A.B. De C.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was MXN 251.138 million compared to MXN 118.207 million a year ago. Operating income was MXN 26.816 million compared to operating loss of MXN 46.337 million a year ago. Net loss was MXN 17.129 million compared to MXN 22.944 million 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.