Grupo Vasconia, S.A.B. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 01:03 am EDT
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Grupo Vasconia, S.A.B. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 1,182.751 million compared to MXN 666.012 million a year ago. Operating income was MXN 154.489 million compared to MXN 11.576 million a year ago. Net income was MXN 64.632 million compared to net loss of MXN 9.766 million a year ago. For the half year, sales was MXN 2,272.568 million compared to MXN 1,299.048 million a year ago. Operating income was MXN 226.549 million compared to MXN 95.867 million a year ago. Net income was MXN 71.042 million compared to net loss of MXN 9.165 million 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. 
