Grupo TMM, S.A.B. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 02, 2022 at 01:15 am EDT
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Grupo TMM, S.A.B. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was MXN 410.8 million compared to MXN 268.2 million a year ago. Net income was MXN 1.1 million compared to net loss of MXN 78.9 million a year ago. Basic earnings per share from continuing operations was MXN 0.05 compared to basic loss per share from continuing operations of MXN 4 a year ago.
Grupo TMM, S.A.B. is a logistics and transportation company. The Company provides ocean transportation services, including maritime, ports and terminals management and logistics services, to clients throughout Mexico. The Company operates in three segments: maritime division, logistics division, and ports and terminals division. The maritime division includes the transportation of liquid petroleum and petrochemical products in bulk, materials and supplies for drilling platforms, as well as tugboat services. The logistics division includes warehousing services and logistics solutions. The ports and terminals division includes terminal services and shipping agency activities. It provides its services through a fleet of approximately 40 vessels, which include product and chemical tankers, harbor tugs and offshore supply vessels. The Company operates three Mexican port facilities, Tuxpan, Tampico and Acapulco.
GRUPO TMM, S.A.B. 
