Grupo Vasconia, S.A.B. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 01, 2021 at 04:58 pm EST
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Grupo Vasconia, S.A.B. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 1,147.509 million compared to MXN 858.106 million a year ago. Operating income was MXN 12.779 million compared to MXN 77.637 million a year ago. Net income was MXN 63.851 million compared to MXN 52.122 million a year ago. Basic earnings per share was MXN 0.73 compared to MXN 0.6 a year ago. For the full year, sales was MXN 3,319.204 million compared to MXN 3,074.398 million a year ago. Operating income was MXN 173.518 million compared to MXN 153.345 million a year ago. Net income was MXN 55.517 million compared to MXN 24.353 million a year ago. Basic earnings per share was MXN 0.64 compared to MXN 0.28 a year ago.
Grupo Vasconia SAB is a Mexico-based company engaged in the manufacture and sale of steel and aluminum goods for the household use. The Companyâs activities are structured in two business divisions: Kitchen Products and Flat Aluminum. The Company's products portfolio comprises such items as pressure cookers, pans, griddles, cooking pots, utensils, specialty aluminum pancake pans, aluminum ladles and beakers, multifunction pans, baking molds, scales, knives and chopping boards, among others. The Companyâs products are marketed under the Ekco, Presto, Regal, Wallace, Towle, Melannco, Pfaltzgraff, Pedrini and Thermos brands. As of December 31, 2011, the Company owned such subsidiaries as Ekco Queretaro SA de CV, La Vasconia (Espana) SA, Fomento Productivo SA de CV, Vasconia Housewares LLC, Industria Mexicana del Aluminio SA de CV and Industrias Ekco SA de CV, and LTB de Mexico SA de CV which was its major shareholder with 29.9% of its interest.
GRUPO VASCONIA, S.A.B. 
