Convertidora Industrial, S.A.B. De C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 30, 2021 at 06:32 pm
Share
Convertidora Industrial, S.A.B. De C.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was MXN 479.371 million compared to MXN 353.026 million a year ago. Operating income was MXN 62.604 million compared to MXN 35.138 million a year ago. Net income was MXN 24.169 million compared to MXN 4.838 million a year ago. Basic earnings per share from continuing operations was MXN 0.3 compared to MXN 0.06 a year ago.
Convertidora Industrial SAB de CV (Conver) is a Mexico-based company engaged in the production, distribution and sale of plastic film for food packaging and articles used for party's decorations. The Company's business is structured in four divisions: Conver Empaque Flexible, which produces plastic films, printed reels, plastic bags and pouches used in the food packaging industry; Convergram, which comprises the production and marketing of a variety of balloons under the Kaleidoscope brand; Casematic, which specializes in the production of sausage casings, and Conver Publicidad, which includes the manufacturing and sale of such advertising gadgets as balloons, clappers, wall hangings and envelopes, which are intended for the promotion of other companiesâ logos. As of December 31, 2011, the Company owned such subsidiaries as Asesoria Ejecutiva de Negocios SA de CV, GlobosInter SA de CV, Conver-Industrial SA de CV and Convergram Mexico S de RL de CV.
CONVERTIDORA INDUSTRIAL, S.A.B. DE C.V. 
