Promotora Ambiental, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 01, 2021 at 02:35 pm
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Promotora Ambiental, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 1,322.515 million compared to MXN 1,290.712 million a year ago. Operating income was MXN 142.639 million compared to MXN 22.467 million a year ago. Net income was MXN 51.049 million compared to MXN 8.641 million a year ago. For the full year, sales was MXN 5,057.018 million compared to MXN 5,021.205 million a year ago. Operating income was MXN 370.103 million compared to MXN 315.748 million a year ago. Net income was MXN 75.069 million compared to MXN 73.228 million a year ago.
Promotora Ambiental SAB de CV (PASA) is a Mexico-based company engaged, through its subsidiaries, in the provision of environmental services. Its activities are structured in four areas: Waste Management Services, which includes private and residential collection, as well as operation of landfills; Water and Biotechnology, which provides such services as sewage, wastewater treatment and distribution of potable water; Oil Industry Services, which consists of the development and implementation of logistics for the management and treatment of waste resulting from well drilling activities, and Ecomar, which is mainly dedicated to the dismantling of obsolete ships. The Company owns such subsidiaries as Altya SA de CV, Gen Industrial SA de CV, Professional Recycling SA de CV, and Recolectora de Desechos y Residuos King Kong SA de CV, among others. In December, 2013, the Company acquired a 70% stake in Enviroronmental Management Group, Inc.
PROMOTORA AMBIENTAL, S.A.B. DE C.V. 
