Grupe, S.A.B. De C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 08:41 pm EDT
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Grupe, S.A.B. De C.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was MXN 466.481 million compared to MXN 575.261 million a year ago. Operating income was MXN 99.782 million compared to MXN 122.029 million a year ago. Net income was MXN 73.447 million compared to MXN 236.546 million a year ago.
Grupe SAB de CV is a Mexico-based company engaged in the hospitality industry. The Company's activities are divided into four business segments: Hotel Services, Timeshare, Real Estate and Clubs. The Hotel Services division owns and manages El Cid Resorts, located in Mazatlan, Cancun and Cozumel, Mexico. The Timeshare area is responsible for the operation and leasing of timeshare properties. The Real Estate segment focuses on the development and management of hotel properties. The Clubs area operates resorts restaurants and entertainment infrastructure, including marinas, spa services, golf courses, tennis courts, swimming pools, events hosting, island tours, horseback riding, biking and scuba diving, among others. The Company owns a range of subsidiaries, such as Marina del Sabalo SA de CV, Operadora Turistica La Mazatleca SA de CV and Promotours del Noroeste SA de CV.
GRUPE, S.A.B. DE C.V. 
