Grupo KUO Reports Earnings Results for the Second-Quarter of 2018
July 16, 2018
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Grupo KUO reported earnings results for the second-quarter of 2018. For the quarter, the company reported was sales of MXN 4,105 million compared to MXN 3,478 million a year ago. Operating profit was MXN 516 million compared to MXN 283 million a year ago. EBITDA was MXN 599 million compared to MXN 415 million a year ago. Operating income rose because of better sales prices and product mixes as well as favourable costs for raw materials and efficient operations.
Grupo KUO SAB de CV is a Mexico-based industrial and commercial global holding company. The Company holds shares of entities located in Mexico, the United States, Spain, Belgium and China that are engaged in manufacture and sale of consumer business products, including processed food, beverages and pork meat, chemical products and auto parts. Its business includes six strategic business units (SBUs), including Pork Meat, JV Herdez Del Fuerte, JV Synthetic Rubber, Plastics, Transmissions and Aftermarket. The Pork Meat SBU is a producer of pork in Mexico and exporter to Japan and South Korea. The Aftermarket SBU offers engine, power train and brake systems components, and is an exporter of gaskets, seals and joints. Its principal subsidiaries include Keken, S.A. de C.V. and subsidiaries; KUO Consumo, S.A.P.I. de C.V.; Industrias Negromex, S.A. de C.V; Resirene, S.A. de C.V.; Transmisiones y Equipos Mecanicos, S.A. de C.V., and Dacomsa, S.A. de C.V.
GRUPO KUO, S.A.B. DE C.V. 
