Médica Sur, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 23, 2024 at 06:57 pm EST
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Médica Sur, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 1,032.56 million compared to MXN 917.27 million a year ago. Net income was MXN 160.17 million compared to MXN 137.06 million a year ago. Basic earnings per share from continuing operations was MXN 0.8 compared to MXN 0.5 a year ago. Basic earnings per share was MXN 1.5 compared to MXN 1.2 a year ago.
For the full year, sales was MXN 4,129.75 million compared to MXN 3,867.92 million a year ago. Net income was MXN 634.98 million compared to MXN 949.8 million a year ago. Basic earnings per share from continuing operations was MXN 5.2 compared to MXN 4.4 a year ago. Basic earnings per share was MXN 5.9 compared to MXN 8.8 a year ago.
Medica Sur SAB de CV is a Mexico-based company primarily engaged in the healthcare sector. The Company manages hospitals, emergency and diagnostic centers, medical laboratories, organ and blood banks, as well as an accommodation place. It provides medical services within various specializations, such as anatomic pathology, cardiology, gynecology and obstetrics, neonatology, neurophysiology, odontology, oncology, ophthalmology, orthopedics, otolaryngology, pediatrics, radiology and imaging, as well as radiosurgery. In addition, the Company offers medical tourism services and distributes drugs. It forms a part of Mayo Clinic Care Network. The Company operates through a range of subsidiaries, such as Corporacion de Atencion Medica SA de CV, El Portal Medico SA de CV, Servicios de Administracion Hospitalaria SA de CV and Telemed SA de CV. The Company is owned by Neuco SA de CV.
MÉDICA SUR, S.A.B. DE C.V. 
