Grupo México, S.A.B. De C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 05:21 pm EDT
Share
Grupo México, S.A.B. de C.V. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 3,434.916 million compared to USD 2,449.878 million a year ago. Operating income was USD 1,849.681 million compared to USD 73.055 million a year ago. Net income was USD 1,097.070 million compared to net loss of USD 369.196 million a year ago. Basic earnings per share was USD 0.14 compared to basic loss per share of USD 0.05 a year ago.
Grupo Mexico, S.A.B. de C.V. is a holding company. The Company's principal activities are in the mining-metallurgic industry, the exploration, exploitation and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The Company's business lines include Mining, Transportation and Infrastructure. Its Mining Division is represented by its subsidiary Americas Mining Corporation, whose subsidiaries are Southern Copper Corporation in Mexico and Peru, and Asarco in the United States. Its Transportation Division is represented by its subsidiaries Infraestructura y Transportes Mexico, S.A. de C.V. and Grupo Mexico Transportes S.A. de C.V. Its subsidiaries are Grupo Ferroviario Mexicano, S.A. de C.V., Ferrocarril Mexicano, S.A. de C.V., Ferrosur, S. A. de C. V., Intermodal Mexico, S.A. de C.V., and Texas Pacifico, LP, Inc. Its Infrastructure Division is represented by its subsidiary Mexico Proyectos y Desarrollos, S.A. de C.V.
GRUPO MÉXICO, S.A.B. DE C.V. 
