Gméxico Transportes, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 21, 2021 at 09:09 pm EDT
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GMéxico Transportes, S.A.B. de C.V. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 12,913.347 million compared to MXN 11,034.578 million a year ago. Operating income was MXN 4,129.755 million compared to MXN 2,672.054 million a year ago. Net income was MXN 2,063.677 million compared to MXN 1,086.840 million a year ago. Basic earnings per share from continuing operations was MXN 0.5117 compared to MXN 0.2693 a year ago. For the half year, sales was MXN 24,979.294 million compared to MXN 23,064.838 million a year ago. Operating income was MXN 7,759.992 million compared to MXN 6,490.177 million a year ago. Net income was MXN 3,735.445 million compared to MXN 3,007.748 million a year ago. Basic earnings per share from continuing operations was MXN 0.9262 compared to MXN 0.7453 a year ago.
GMexico Transportes SAB de CV, formerly known as GMexico Transportes SA de CV (GMXT), is a Mexico-based company, which offers railway cargo services in the segments of agriculture, automotive, minerals, energy, chemicals, steel, cement, and consumer goods. The Company is a subsidiary of Grupo Mexico SAB de CV and it represents its Transportation Division. Its main subsidiaries are Grupo Ferroviario Mexicano SA de CV (GFM), Ferrocarril Mexicano, SA de CV (Ferromex), Infraestructura y Transportes Ferroviarios SA de CV (ITF), Ferrosur, SA de CV (Ferrosur), Intermodal Mexico SA de CV (IMEX) and Texas Pacifico LP Inc (TXP). It has a network of over 10,500 kilometers (km) of rails through approximately 20 states in Mexico, and the state of Texas in the United States. GMXTâs lines connect at border points with the United States, as well as at more than four ports on the Pacific Coast, and some more on the Gulf of Mexico.
GMÉXICO TRANSPORTES, S.A.B. DE C.V. 
