Grupo KUO, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022 at 01:10 am EDT
Share
Grupo KUO, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 11,471 million compared to MXN 10,142 million a year ago. Net income was MXN 783 million compared to MXN 964 million a year ago.
For the six months, sales was MXN 21,775 million compared to MXN 18,797 million a year ago. Net income was MXN 1,361 million compared to MXN 1,046 million a year ago.
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. 
