Grupo Industrial Saltillo, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 28, 2021
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Grupo Industrial Saltillo, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 231.683 million compared to USD 203.869 million a year ago. Operating income was USD 18.488 million compared to operating loss of USD 3.531 million a year ago. Net income was USD 11.611 million compared to USD 12.175 million a year ago. For the full year, sales was USD 742.423 million compared to USD 889.838 million a year ago. Operating income was USD 17.753 million compared to USD 31.352 million a year ago. Net loss was USD 5.666 million compared to net income of USD 42.175 million a year ago.
Grupo Industrial Saltillo SAB de CV (GISSA) is a Mexico-based company. The Company operates through three business divisions: Iron Foundry division, which manufactures blocks and iron heads for diesel and gasoline engines; the Construction division, which produces residential and industrial water heaters through gas and solar energy power, and the Houseware division, which designs, manufactures and markets a variety of tableware and kitchenwear products, as well as a line of electronic appliances. The Company operates through a range of subsidiaries, such as Servicios de Produccion Saltillo SA de CV, Manufactura Vitromex SA de CV, Industria Automotriz Cifunsa SA de CV, Gis Holding Inc, Calentadores de America SA de CV, as well as Automotive Components Europe SA, among others.
GRUPO INDUSTRIAL SALTILLO, S.A.B. DE C.V. 
