Grupo KUO, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 11:07 am EDT
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Grupo KUO, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 9,787.87 million compared to MXN 11,470.65 million a year ago. Net income was MXN 410.69 million compared to MXN 783.46 million a year ago. Basic earnings per share from continuing operations was MXN 0.9 compared to MXN 1.72 a year ago. Diluted earnings per share from continuing operations was MXN 0.9 compared to MXN 1.72 a year ago.
For the six months, sales was MXN 19,799.24 million compared to MXN 21,775.36 million a year ago. Net income was MXN 648.91 million compared to MXN 1,360.92 million a year ago. Basic earnings per share from continuing operations was MXN 1.42 compared to MXN 2.98 a year ago. Diluted earnings per share from continuing operations was MXN 1.42 compared to MXN 2.98 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. 
