Gruma, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
February 21, 2019 at 04:15 am EST
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Gruma, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was MXN 19,079.536 million compared to MXN 18,331.072 million a year ago. Operating income was MXN 2,325.080 million compared to MXN 2,483.729 million a year ago. Net income was MXN 1,025.257 million compared to MXN 1,844.757 million a year ago. Basic earnings per share from continuing operations was MXN 2.58 compared to MXN 4.26 a year ago. Basic earnings per share was MXN 2.39 compared to MXN 4.26 a year ago. For the full year, sales was MXN 74,041.088 million compared to MXN 70,580.518 million a year ago. Operating income was MXN 9,425.482 million compared to MXN 9,319.244 million a year ago. Net income was MXN 4,890.397 million compared to MXN 6,218.074 million a year ago. Basic earnings per share from continuing operations was MXN 11.58 compared to MXN 14.37 a year ago. Basic earnings per share was MXN 11.39 compared to MXN 14.37 a year ago.
Gruma, S.A.B. de C.V. is a Mexico-based food holding company. The Company is engaged in corn and flour tortilla production across the world. The Company produces wheat flour and its derivatives, such as flatbreads, wraps, chapatti, and pizza bases plus other food products. Its segments include: Corn flour and packaged tortilla division, which manufactures and distributes approximately 20 varieties of corn flour that are used mainly to produce and distribute different types of tortillas and tortilla chip products in the United States; Corn flour division, which engages principally in the production, distribution and sale of corn flour in Mexico under MASECA brand; and Other segments, which focuses on corn flour, hearts of palm, rice and other products. The Company has operations in the Americas, Europe, Asia and Oceania.
GRUMA, S.A.B. DE C.V. 
