G Collado, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 05:37 pm EDT
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G Collado, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 3,516.2 million compared to MXN 1,988.3 million a year ago. Net income was MXN 457.16 million compared to MXN 55.54 million a year ago. Basic earnings per share from continuing operations was MXN 2.38 compared to MXN 0.29 a year ago. Diluted earnings per share from continuing operations was MXN 2.38 compared to MXN 0.29 a year ago.
For the nine months, sales was MXN 9,595.2 million compared to MXN 5,696.26 million a year ago. Net income was MXN 876.93 million compared to MXN 97.79 million a year ago. Basic earnings per share from continuing operations was MXN 4.56 compared to MXN 0.51 a year ago. Diluted earnings per share from continuing operations was MXN 4.56 compared to MXN 0.51 a year ago.
G Collado SAB de CV is a Mexico-based company primarily engaged in the steel industry. The Companyâs main activities comprise purchase and sale, as well as transformation and distribution of steel products, principally dedicated for the construction, industrial and commercial use. Its products portfolio includes industrial pipes, commercial profiles, sheets, plates, beams, panels, mesh, rods, wire rods, wire, nails, forecastles and rings, among others. The Company also offers additional steel processing services, such as cutting, forming, bending, assembling, rolling, printing, punching and shotblasting. It operates through Grupo Collado SA de CV, Coryer SA de CV and Acer-Mon SA de CV, among others.
G COLLADO, S.A.B. DE C.V. 
