Grupo México, S.A.B. de C.V. Announces Consolidated Revenue Results for the Fourth Quarter and Earnings Results for the Full Year 2017
February 08, 2018 at 02:00 pm EST
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Grupo México, S.A.B. de C.V. announced consolidated revenue results for the fourth quarter and earnings results for the full year 2017. Consolidated revenues in fourth quarter were 33% higher than in fourth quarter 2016.
Thus, accumulated revenues for 2017 reached USD 9.78 billion, 20% higher versus 2016, driven by higher metal prices and outstanding results in Transportation Division. EBITDA for this year reached USD 4.54 billion, 35% greater than 2016. Consolidated net profit reached USD 1.39 billion in 2017, 20% higher despite the accounting charge from taxes due to the U.S. tax reform, totaling USD 529 million, which have no bearing on cash flow. Excluding this effect, net profit would have totaled USD 1.92 billion, USD 820 million higher than in 2016, translating into a 75% increase.
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. 
