Proteak Uno, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 01:15 am EDT
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Proteak Uno, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was MXN 530.2 million compared to MXN 252 million a year ago. Operating income was MXN 94.1 million compared to operating loss of MXN 61.3 million a year ago. Net income was MXN 210.9 million compared to net loss of MXN 3.2 million a year ago. For the half year, total revenue was MXN 994 million compared to MXN 598.3 million a year ago. Operating income was MXN 102.5 million compared to operating loss of MXN 77.9 million a year ago. Net income was MXN 143.9 million compared to net loss of MXN 465.2 million a year ago.
Proteak Uno SAB de CV (Proteak) is a Mexico-based forestry sector company. It operates through three business segments: Forestal, where the main activities are commercial forest plantations of teak located along Mexicoâs Pacific coast and in Colombia, as well as acacia plantation in Costa Rica; Operations, which involves marketing of semi processed timber; Trading which consists of the marketing of roundwood timber and the development of the commercial side of the Company without limiting the capacity of Operations segment. Proteak offers teak wood products, such as carts, cutting boards, counter tops, lumber, as well as flooring and decking products, among others. Proteak owns around 18000 planted hectares in total (mainly teak and eucalyptus). Assets are located in five countries and export activity is performed in three continents. In 2013, it acquired eucalyptus plantation, a shorter-cycle timber and a land plot as a basis for its new MDF (medium-density fiberboard) project.
PROTEAK UNO, S.A.B. DE C.V. 
