Organización Soriana, S. A. B. de C. V. Reports Consolidated Earnings Results for Second Quarter and Year to Date Ended June 30, 2019
July 26, 2019 at 06:11 am EDT
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Organización Soriana, S. A. B. de C. V. reported consolidated earnings results for second quarter and year to date ended June 30, 2019. For the quarter, the company reported total revenue of MXN 39,096 million against MXN 38,346 million a year ago. Operating profit was MXN 2,199 million against MXN 1,990 million a year ago. Consolidated net income was MXN 805 million against MXN 902 million a year ago. Earnings per share was MXN 0.44 against MXN 0.50 a year ago.
For year to date, the company reported total revenue of MXN 74,351 million against MXN 73,832 million a year ago. Operating profit was MXN 4,193 million against MXN 3,741 million a year ago. Consolidated net income was MXN 1,554 million against MXN 1,726 million a year ago. Earnings per share was MXN 0.85 against MXN 0.95 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. 
