GMéxico Transportes, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 23, 2022
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GMéxico Transportes, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the quarter, the company reported Net Sales were MXN 14,160 million compared to MXN 13,113 million a year ago. Net income was MXN 2,962 million compared to MXN 1,963 million a year ago.
For the quarter, the company reported Net Sales were MXN 40,817 million compared to MXN 38,092 million a year ago. Net income was MXN 7,006 million compared to MXN 5,698 million a year ago. Basic earnings per share from continuing operations was MXN 1.6032. Diluted earnings per share from continuing operations was MXN 1.6032.
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. 
