Acosta Verde, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 07:08 pm
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Acosta Verde, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 360.69 million compared to MXN 298.73 million a year ago. Net income was MXN 115.45 million compared to MXN 144 million a year ago. Basic earnings per share from continuing operations was MXN 1.92 compared to MXN 2.4 a year ago. Diluted earnings per share from continuing operations was MXN 1.5 compared to MXN 1.87 a year ago.
For the six months, sales was MXN 695.54 million compared to MXN 588.13 million a year ago. Net income was MXN 108.66 million compared to MXN 194.27 million a year ago. Basic earnings per share from continuing operations was MXN 1.81 compared to MXN 3.24 a year ago. Diluted earnings per share from continuing operations was MXN 1.41 compared to MXN 2.53 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.
ACOSTA VERDE, S.A.B. DE C.V. 
