Industrias CH, S. A. B. de C. V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022 at 02:41 pm
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Industrias CH, S. A. B. de C. V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 17,824.71 million compared to MXN 16,980.96 million a year ago. Net income was MXN 3,609.29 million compared to MXN 2,276.86 million a year ago. Basic earnings per share from continuing operations was MXN 10.83 compared to MXN 6.84 a year ago. Diluted earnings per share from continuing operations was MXN 10.83 compared to MXN 6.84 a year ago.
For the six months, sales was MXN 34,582.88 million compared to MXN 31,522.79 million a year ago. Net income was MXN 6,000.65 million compared to MXN 4,513.54 million a year ago. Basic earnings per share from continuing operations was MXN 18.05 compared to MXN 13.76 a year ago. Diluted earnings per share from continuing operations was MXN 18.05 compared to MXN 13.76 a year ago.
Industrias CH SAB de CV (ICH) is a Mexico-based holding company engaged, together with its subsidiaries, in the steel industry. The Company's activities include the production, processing and distribution of special bar quality (SBQ) steel products; coated and uncoated seamed pipes; structural steel products, such as beams, channels, flat bars and angles; light structurals, such as angles, flat and merchant bars; as well as reinforced and corrugated steel bars. The Companyâs facilities include production and processing plants in Mexico, the United States and Canada.