Grupo Lamosa, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 05:39 pm EDT
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Grupo Lamosa, 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 8,949.7 million compared to MXN 6,157.82 million a year ago. Net income was MXN 874.02 million compared to MXN 1,196.21 million a year ago. Basic earnings per share from continuing operations was MXN 2.27 compared to MXN 3.1 a year ago. Diluted earnings per share from continuing operations was MXN 2.27 compared to MXN 3.1 a year ago.
For the six months, sales was MXN 17,796.39 million compared to MXN 12,245.17 million a year ago. Net income was MXN 2,445.62 million compared to MXN 1,983.57 million a year ago. Basic earnings per share from continuing operations was MXN 6.34 compared to MXN 5.14 a year ago. Diluted earnings per share from continuing operations was MXN 6.34 compared to MXN 5.14 a year ago.
Grupo Lamosa SAB de CV is a Mexico-based company engaged, through its subsidiaries, in the construction and real estate sectors. The Company's activities are structured into four business areas, namely Tiles and Flooring, Adhesives and Waterproofing, Sanitary Ware and Real Estate Development. The Tiles and Flooring area offers such brand names, as Porcelanite, Lamosa, Italica and Firenze Tecnoarte. The Adhesives and Waterproofing area operates through the Companies Crest, Perdura, Niasa and Solutek. The Sanitary Ware area operates through the Sanitarios Lamosa company. The Company's real estate operations include the acquisition, development and promotion of residential and non-residential properties. It operates through Ceramica San Lorenzo.