Grupo Lamosa, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 02:50 pm EDT
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Grupo Lamosa, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 7,659.54 million compared to MXN 9,081.89 million a year ago. Net income was MXN 500.81 million compared to MXN 744.44 million a year ago. Basic earnings per share from continuing operations was MXN 1.3 compared to MXN 1.93 a year ago. Diluted earnings per share from continuing operations was MXN 1.3 compared to MXN 1.93 a year ago.
For the nine months, sales was MXN 23,822.74 million compared to MXN 26,878.28 million a year ago. Net income was MXN 2,811.92 million compared to MXN 3,190.06 million a year ago. Basic earnings per share from continuing operations was MXN 7.29 compared to MXN 8.27 a year ago. Diluted earnings per share from continuing operations was MXN 7.29 compared to MXN 8.27 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 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. 
