Gruma, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 08:02 am EDT
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Gruma, 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 22,449.985 million compared to MXN 24,145.563 million a year ago. Operating income was MXN 2,804.848 million compared to MXN 3,053.184 million a year ago. Net income was MXN 1,530.951 million compared to MXN 1,750.695 million a year ago. Basic earnings per share was MXN 3.89 compared to MXN 4.32 a year ago. For the half year, sales was MXN 44,628.917 million compared to MXN 45,689.855 million a year ago. Operating income was MXN 5,380.941 million compared to MXN 5,714.892 million a year ago. Net income was MXN 2,852.046 million compared to MXN 2,312.222 million a year ago. Basic earnings per share was MXN 7.25 compared to MXN 5.71 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. 
