Urbi, Desarrollos Urbanos, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 03, 2023 at 04:30 pm EDT
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Urbi, Desarrollos Urbanos, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was MXN 37.28 million compared to MXN 39.2 million a year ago. Net loss was MXN 9.39 million compared to MXN 13.34 million a year ago.
Basic loss per share from continuing operations was MXN 0.81 compared to MXN 1.15 a year ago. Diluted loss per share from continuing operations was MXN 0.81 compared to MXN 1.15 a year ago.
Urbi Desarrollos Urbanos SAB de CV is a Mexico-based company primarily engaged in the homebuilding sector. The Company's activities are divided into three business lines: Real estate development, Real estate construction and Plots. The Real estate development line is responsible for the design, construction and sale of own residential buildings, which aim at low, middle, and high-income families. The Real estate construction line comprises management and construction of residential projects for third parties. The Plots line focuses on the acquisition, subdivision and sale of land. The Company develops housing projects under a range of brand names, including UrbiVilla, UrbiQuinta, UrbiHacienda and UrbiClub. The Company operates through numerous subsidiaries, such as Ingenieria y Obras SA de CV, Obras y Desarrollos Urbi SA de CV and Cyd Desarrollos Urbanos SA de CV.
URBI, DESARROLLOS URBANOS, S.A.B. DE C.V. 
