Grupo Lamosa, SAB de CV Reports Consolidated Earnings Results for the First Quarter of 2016
May 08, 2016 at 10:44 am EDT
Share
Grupo Lamosa, SAB de CV reported consolidated earnings results for the first quarter of 2016. For the quarter, the company reported net sales of MXN 2,792 million compared to MXN 2,525 million a year ago. Operating income was MXN 462 million compared to MXN 377 million a year ago. EBITDA was MXN 597 million compared to MXN 492 million a year ago. Net income was MXN 269 million compared to MXN 80 million a year ago. Net debt as at March 31, 2016 was MXN 4,901 million. The growth in Lamosa´s revenues and the effort to further optimize the costs of the company, allowed to expand operating income and its margin to sales, reaching a 17% margin, greater than the 15% margin achieved at the end of the first quarter of 2015.
Grupo Lamosa SAB de CV is a Mexico-based company engaged, through its subsidiaries, in the construction and real estate sectors. The Companyâs 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 Companyâs real estate operations include the acquisition, development and promotion of residential and non-residential properties. It operates through Ceramica San Lorenzo.
GRUPO LAMOSA, S.A.B. DE C.V. 
