Grupo Comercial Chedraui, S.A.B. DE C.V. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
July 27, 2016
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Grupo Comercial Chedraui, S.A.B. DE C.V. reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported sales of MXN 21,352,667,000 compared to MXN 19,098,404,000 a year ago. Operating income was MXN 1,045,135,000 compared to MXN 822,250,000 a year ago. EBITDA was MXN 1,404,440,000 compared to MXN 1,138,333,000 a year ago. Income before taxes was MXN 742,037,000 compared to MXN 570,731,000 a year ago. Consolidated net income was MXN 489,744,000 compared to MXN 388,097,000 a year ago.
For the six months, the company reported sales of MXN 41,933,402,000 compared to MXN 37,394,245,000 a year ago. Operating income was MXN 2,052,407,000 compared to MXN 1,749,627,000 a year ago. EBITDA was MXN 2,771,862,000 compared to MXN 2,378,426,000 a year ago. Income before taxes was MXN 1,503,312,000 compared to MXN 1,274,616,000 a year ago. Consolidated net income was MXN 992,186,000 compared to MXN 861,616,000 a year ago. Cash flows used in operating activities was MXN 1,640,587,000 compared to MXN 319,624,000 a year ago. Purchase of property, plant and equipment, classified as investing activities was MXN 1,546,540,000 compared to MXN 1,482,398,000 a year ago. Purchase of intangible assets, classified as investing activities was MXN 69,215,000 compared to MXN 52,152,000 a year ago.
Grupo Comercial Chedraui SAB de CV is a Mexico-based company primarily engaged in the retail and real estate sectors. The Companyâs activities are structured into three business areas: Self Service Mexico, which includes a network of over 140 Chedraui and 39 Super Chedraui supermarkets located in over 20 Mexican states; Self Service Unites States, which comprises the operation of 36 El Super convenience stores established mainly in the southern-east region of the United States, and Real Estate, which specializes in the acquisition, management, development and promotion of residential and non-residential properties, as well as in the construction and redecorating of the Companyâs stores and facilities.