Proteak Uno, S.A.B. De C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 30, 2021 at 11:59 am EDT
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Proteak Uno, S.A.B. De C.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was MXN 463.818 million compared to MXN 346.323 million a year ago. Operating income was MXN 8.412 million compared to operating loss of MXN 16.556 million a year ago. Net loss was MXN 61.392 million compared to MXN 422.546 million a year ago. Basic loss per share was MXN 0.06 compared to MXN 0.44 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. 
