Proteak Uno, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 27, 2023 at 01:17 am EST
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Proteak Uno, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 435.2 million compared to MXN 504.7 million a year ago. Revenue was MXN 422 million compared to MXN 471.5 million a year ago. Net income was MXN 49.4 million compared to MXN 54.8 million a year ago.
For the full year, sales was MXN 1,910.5 million compared to MXN 1,929.9 million a year ago. Revenue was MXN 2,013.3 million compared to MXN 2,053.7 million a year ago. Net income was MXN 208.4 million compared to MXN 253.3 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. 
