Grupo Carso, S.A.B. de C.V. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
February 22, 2019 at 10:22 pm EST
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Grupo Carso, S.A.B. de C.V. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total revenues of MXN 28,404.0 million against MXN 27,692.6 million a year ago. Operating income was MXN 2,953.4 million against MXN 5,250.2 million a year ago. Controlling net income was MXN 3,493.6 million against MXN 4,532.5 million a year ago.
For the full year, the company reported total revenues of MXN 96,639.8 million against MXN 93,592.6 million a year ago. Operating income was MXN 10,559.3 million against MXN 12,941.5 million a year ago. Controlling net income was MXN 9,008.3 million against MXN 10,033.6 million a year ago.
Grupo Carso, S.A.B. de C.V. is a holding company. The Company holds interests in various companies, which operate in the industrial, retail, infrastructure and construction, and energy sectors. The Company's segments include Retail, Industrial, Infrastructure and Construction, and Carso Energy. The Company's subsidiaries include Grupo Sanborns, S.A.B. de C.V., which operates various retail formats in Mexico; Grupo Condumex, S.A. de C.V., which has a portfolio of products and services focused on meeting the needs of the telecommunications, construction, electricity, energy, automotive and mining industries; Carso Infraestructura y Construccion, S.A. de C.V., which serves the chemical and oil industry, pipeline installations, infrastructure, civil construction and housing developments sectors, and Carso Energy, S.A. de C.V., which holds interests in various companies in the sector of exploration and production of oil, gas and other hydrocarbons, and electricity.
GRUPO CARSO, S.A.B. DE C.V. 
