Grupo México S.A.B. de C.V. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
July 24, 2016
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Grupo México S.A.B. de C.V. announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported sales of $2,089,262,000 compared with $2,195,078,000 for the same period a year ago. Operating income was $611,577,000 compared with $719,679,000 for the same period a year ago. EBITDA was $883,441,000 compared with $917,387,000 for the same period a year ago. Net income was $350,288,000 compared with $365,896,000 for the same period a year ago. Investments /Capex was $453,464,000 compared with $462,759,000 for the same period a year ago. Earnings before tax was $648,464,000 compared with $660,889,000 for the same period a year ago. Net income attributable to GM was $350,288,000 compared with $365,896,000 for the same period a year ago. Cash generated by operating activities was $576,431,000 compared with $514,956,000 for the same period a year ago.
For the six months, the company reported sales of $4,009,841,000 compared with $4,278,418,000 for the same period a year ago. Operating income was $1,153,038,000 compared with $1,355,925,000 for the same period a year ago. EBITDA was $1,611,711,000 compared with $1,742,599,000 for the same period a year ago. Net income was $757,183,000 compared with $702,412,000 for the same period a year ago. Investments /Capex was $714,272,000 compared with $796,611,000 for the same period a year ago. Earnings before tax was $1,341,338,000 compared with $1,266,971,000 for the same period a year ago. Net income attributable to GM was $757,183,000 compared with $702,412,000 for the same period a year ago. Cash generated by operating activities was $831,442,000 compared with $946,506,000 for the same period 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. 
