Grupo Pochteca, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 06:05 pm
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Grupo Pochteca, 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 2,180.47 million compared to MXN 2,742.26 million a year ago. Net loss was MXN 50.04 million compared to net income of MXN 42.69 million a year ago. Basic loss per share from continuing operations was MXN 0.383 compared to basic earnings per share from continuing operations of MXN 0.327 a year ago.
For the six months, sales was MXN 4,562.84 million compared to MXN 5,274.79 million a year ago. Net loss was MXN 53.32 million compared to net income of MXN 168.91 million a year ago. Basic loss per share from continuing operations was MXN 0.409 compared to basic earnings per share from continuing operations of MXN 1.294 a year ago.
Grupo Pochteca SAB de CV is a Mexico-based holding company. The Companyâs main business activities are structured into five divisions: Food, which includes the production, distribution and sale of ingredients and additives for the food industry; Chemical and Plastic Products, with a variety of generic chemicals, inorganic chemicals, specialty chemicals, plastic resins, special compounds and polymers used in the industrial and engineering sectors; Solvents and Coating, which provides specialty chemicals for the production of coatings and paints used in other industries; Lubricants, which distributes Shell lubricant brands, and Paper Products, which specializes in the production and distribution of a range of paper products, stationary and articles used in the graphic arts. On February 1, 2013, the Company formalized the acquisition of a 100% stake in Productos Quimicos Mardupol SA de CV and its affiliated companies.