GMéxico Transportes, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 05:40 pm EDT
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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, 2023. For the third quarter, the company reported sales was MXN 14,025.55 million compared to MXN 14,160.12 million a year ago. Net income was MXN 2,407.43 million compared to MXN 2,962.29 million a year ago. Basic earnings per share from continuing operations was MXN 0.5525 compared to MXN 0.6805 a year ago.
For the nine months, sales was MXN 42,642.79 million compared to MXN 40,817.35 million a year ago. Net income was MXN 6,651.97 million compared to MXN 7,005.91 million a year ago. Basic earnings per share from continuing operations was MXN 1.5267 compared to MXN 1.6095 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. 
