Organización Soriana, S. A. B. De C. V. Reports Consolidated Earnings Results for Third Quarter and Year to Date of 2018
October 19, 2018 at 05:36 pm EDT
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Organización Soriana, S. A. B. de C. V. reported consolidated earnings results for third quarter and year to date of 2018. For the quarter, the company reported net sales of MXN 38,655 million against MXN 38,745 million a year ago. EBITDA was MXN 2,373 million against MXN 2,874 million a year ago. Operating income was MXN 1,678 million against MXN 2,096 million a year ago. Earnings before income tax & profit sharing were MXN 1,075 million against MXN 1,488 million a year ago. Net earnings were MXN 648 million against MXN 989 million a year ago.
For the year to date, the company reported net sales of MXN 112,487 million against MXN 112,608 million a year ago. EBITDA was MXN 7,626 million against MXN 8,644 million a year ago. Operating income was MXN 5,420 million against MXN 6,191 million a year ago. Earnings before tax & profit sharing were MXN 3,630 million against MXN 4,548 million a year ago. Net earnings were MXN 2,374 million against MXN 3,000 million a year ago. Net cash outflow from operating activities was MXN 1,757 against MXN 2,580 million a year ago. Acquisitions of property and equipment were MXN 1,730 million against MXN 942 million a year ago.
Organizacion Soriana SAB de CV is a Mexico-based company primarily engaged in the food retail sector. The Company focuses on the development and management of a network of supermarkets, grocery and discount stores. It retails food, apparel, automotive accessories, sport goods, hardware, garden tools, toys, personal care products and electronic devices, among others. It operates stores under various brand names, such as Soriana Hiper and Mega hypermarkets, Soriana Super and Comercial Mexicana supermarkets, Soriana Express and Super City grocery stores, Soriana Mercado and Bodega discount supermarkets, as well as City Club membership clubs. Furthermore, it offers online shopping and delivery services through Soriana e-commerce platform. The Company operates through a range of subsidiaries, such as Centros Comerciales Soriana SA de CV and Tiendas de Descuento Monterrey SA de CV.
ORGANIZACIÓN SORIANA, S. A. B. DE C. V. 
