Corporaci=N Interamericana De Entretenimiento, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
February 27, 2019
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Corporaci=n Interamericana de Entretenimiento, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was MXN 5,865 million compared to MXN 4,337 million a year ago. Operating income was MXN 254 million compared to MXN 278 million a year ago. Net loss was MXN 5 million compared to net income of MXN 46 million a year ago. For the full year, sales was MXN 12,578 million compared to MXN 9,954 million a year ago. Operating income was MXN 1,256 million compared to MXN 1,002 million a year ago. Net income was MXN 166 million compared to net loss of MXN 121 million a year ago.
Corporacion Interamericana de Entretenimiento SAB de CV (CIE) is a Mexico-based company engaged in the leisure sector. The Companyâs business activities are structured in four divisions: CIE Entretenimiento, which specializes in the organization and sponsorship of concerts and live performances, venue management, ticketing, souvenirs sales and artist management and representation; CIE Las Americas, active in the gaming sector, as well as it manages the Complejo Las Americas, an entertainment complex that comprises a hippodrome, a convention center, a childrenâs theme park and restaurants; CIE Parques de Diversiones, which operates two amusement parks located in Colombia, and CIE Commercial, which offers advertising and marketing services. As of December 31, 2011, the Company owned such subsidiaries as Ocesa Anfiteatro SA de CV, Operadora de Centros de Espectaculos SA de CV, CIE Internacional SA de CV and Publitop SA de CV, among others.
CORPORACIÓN INTERAMERICANA DE ENTRETENIMIENTO, S.A.B. DE C.V. 