Grupo Famsa, S.A.B. de C.V. Reports Consolidated Earnings Results for the First Quarter of 2018
Grupo Famsa, S.A.B. de C.V. reported consolidated earnings results for the first quarter of 2018. For the period, the company reported total Revenue was MXN 4,466,076,000 against MXN 3,979,368,000 a year ago. Operating profit was MXN 377,471,000 against MXN 307,438,000 a year ago. Profit before income tax was MXN 295,114,000 against MXN 389,531,000 a year ago. Consolidated net income was MXN 189,352,000 against MXN 326,030,000 a year ago. Net cash flows from operating activities was MXN 53,742,000 against MXN 11,648,000 a year ago. Acquisition of property, leasehold improvements, furniture and equipment was MXN 12,178,000 against MXN 24,706,000 a year ago. Acquisition of intangible assets was MXN 5,156,000 against MXN 511,000 a year ago. EBITDA was MXN 481 million against MXN 416 million a year ago.