Grupe, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021 at 03:33 pm EDT
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Grupe, 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 711.850 million compared to MXN 81.834 million a year ago. Operating income was MXN 188.558 million compared to operating loss of MXN 154.720 million a year ago. Net income was MXN 135.441 million compared to net loss of MXN 154.280 million a year ago. For the half year, sales was MXN 1,178.331 million compared to MXN 657.095 million a year ago. Operating income was MXN 288.340 million compared to operating loss of MXN 32.691 million a year ago. Net income was MXN 208.888 million compared to MXN 82.266 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. 
