Acosta Verde, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 23, 2024
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Acosta Verde, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was MXN 357.59 million compared to MXN 318.13 million a year ago. Revenue was MXN 375.8 million compared to MXN 334.85 million a year ago.
Net income was MXN 184.33 million compared to net loss of MXN 6.79 million a year ago. Basic earnings per share from continuing operations was MXN 3.07 compared to basic loss per share from continuing operations of MXN 0.11 a year ago. Diluted earnings per share from continuing operations was MXN 2.4 compared to diluted loss per share from continuing operations of MXN 0.09 a year ago.
Acosta Verde SAB de CV is a Mexico-based company which operates in the Real Estate Rental, Development & Operations Industry. The corporate purpose of the Company is to participate as a partner, shareholder or investor in companies, associations, trusts or entities of any kind, as well as selling, assigning, transferring, negotiating, pledging, encumbering or otherwise disposing of said shares, partnerships or other interest. The Company operates in developing, operating, managing, assigning, marketing and carrying out any activity related to real estate projects for sale or rent and wide range of buildings, including, without limitation, industrial, residential, commercial, offices, hotels, and mixed use, whether in Mexico or abroad.