Proteak Uno, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 01, 2021 at 05:50 pm EST
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Proteak Uno, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 392.397 million compared to MXN 302.108 million a year ago. Operating income was MXN 26.983 million compared to operating loss of MXN 79.949 million a year ago. Net income was MXN 232.871 million compared to MXN 38.869 million a year ago. For the full year, sales was MXN 1,355.342 million compared to MXN 1,398.043 million a year ago. Operating loss was MXN 60.210 million compared to MXN 83.178 million a year ago. Net loss was MXN 249.710 million compared to MXN 66.090 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. 
