Grupo Pochteca, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 01:42 pm
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Grupo Pochteca, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 2,136.46 million compared to MXN 2,738.98 million a year ago. Net loss was MXN 75.13 million compared to MXN 6.87 million a year ago. Basic loss per share from continuing operations was MXN 0.576 compared to MXN 0.053 a year ago.
For the nine months, sales was MXN 6,699.29 million compared to MXN 8,013.77 million a year ago. Net loss was MXN 135.55 million compared to net income of MXN 162.04 million a year ago. Basic loss per share from continuing operations was MXN 1.038 compared to basic earnings per share from continuing operations of MXN 1.241 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.