Promotora Ambiental, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 02:08 pm EDT
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Promotora Ambiental, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 1,555.35 million compared to MXN 1,368.14 million a year ago. Net income was MXN 49.2 million compared to net loss of MXN 3.18 million a year ago. Basic earnings per share was MXN 0.37. Diluted earnings per share was MXN 0.37.
For the six months, sales was MXN 2,998.04 million compared to MXN 2,653.84 million a year ago. Net income was MXN 80.12 million compared to MXN 25.99 million a year ago.
Promotora Ambiental SAB de CV (PASA) is a Mexico-based company engaged, through its subsidiaries, in the provision of environmental services. Its activities are structured in four areas: Waste Management Services, which includes private and residential collection, as well as operation of landfills; Water and Biotechnology, which provides such services as sewage, wastewater treatment and distribution of potable water; Oil Industry Services, which consists of the development and implementation of logistics for the management and treatment of waste resulting from well drilling activities, and Ecomar, which is mainly dedicated to the dismantling of obsolete ships. The Company owns such subsidiaries as Altya SA de CV, Gen Industrial SA de CV, Professional Recycling SA de CV, and Recolectora de Desechos y Residuos King Kong SA de CV, among others. In December, 2013, the Company acquired a 70% stake in Enviroronmental Management Group, Inc.
PROMOTORA AMBIENTAL, S.A.B. DE C.V. 
