Organización Cultiba, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023 at 03:38 pm EDT
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Organización Cultiba, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 72.25 million compared to MXN 102.75 million a year ago. Net income was MXN 367.88 million compared to MXN 346.36 million a year ago. Basic earnings per share from continuing operations was MXN 0.73 compared to MXN 0.51 a year ago. Diluted earnings per share from continuing operations was MXN 0.73 compared to MXN 0.51 a year ago. Basic earnings per share was MXN 0.73 compared to MXN 0.49 a year ago. Diluted earnings per share was MXN 0.73 compared to MXN 0.49 a year ago.
For the six months, sales was MXN 123.83 million compared to MXN 223 million a year ago. Net income was MXN 524.24 million compared to MXN 543.82 million a year ago. Basic earnings per share from continuing operations was MXN 0.74 compared to MXN 0.61 a year ago. Diluted earnings per share from continuing operations was MXN 0.74 compared to MXN 0.61 a year ago. Basic earnings per share was MXN 0.74 compared to MXN 0.76 a year ago. Diluted earnings per share was MXN 0.74 compared to MXN 0.76 a year ago.
Organizacion Cultiba SAB de CV (Cultiba) is a Mexico-based holding company principally engaged, together with its subsidiaries, in the beverages industry. The Company has license from Pepsi-Co Inc to produce, distribute and sell mainly the Pepsi Cola, Manzanita Sol, Mirinda, Kas, Gatorade, Lipton, Be Light, Mountain Dew and Seven Up soft drink trademarks. The Company also produces and distributes bottled water under the Trisoda, Santorini and Junghanns brands, among others. In addition, the Company is involved in the production of cane sugar and molasses. The Company owns such subsidiaries as Geusa SA de Tala Electric SA de CV, Agroestevia SA de CV, Geupec Administracion SA de CV, Ingenio Rosales SA de CV and Embotelladora Valle de Oaxaca SA de CV, among others. On August 31, 2013, Cultiba incorporated Grupo Azucarero Mexico SA de CV (GAM) and Controladora de Negocios Azucareros SA de CV (CONASA).
ORGANIZACIÓN CULTIBA, S.A.B. DE C.V. 
