Grupo Posadas, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021
Share
Grupo Posadas, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was MXN 5,225.743 million compared to MXN 9,072.708 million a year ago. Operating loss was MXN 1,000.368 million compared to operating Income of MXN 678.812 million a year ago. Net loss was MXN 2,118.681 million compared to MXN 79.859 million a year ago. For the quarter, sales was MXN 1,535.209 million compared to MXN 2,387.551 million a year ago. Operating loss was MXN 189.429 million compared to operating Income of MXN 178.711 million a year ago. Net income was MXN 233.488 million compared to MXN 203.432 million a year ago.
Grupo Posadas SAB de CV is a Mexico-based company engaged in the hospitality industry. The Company focuses on the construction, acquisition, leasing, promotion and management of hotels. Its activities are divided into five business segments: Hotels, which operates a network of hotels under Live Aqua, Fiesta Americana, Fiesta Inn, Gamma, The Exploration and One brand name, among others; Holiday Club, which manages a network of vacation resorts under various brand names, such as Fiesta Americana Vacation Club, Kivac and Live Aqua Residence Club; Hotels administration, which offers brand names and properties leasing, as well as hotel administration for third parties, among others; Corporate, which comprises operations within group entities, and Sale of real estate, which includes disposal of non-core real estate assets. The Company operates through Inmobiliaria Hotelera Posadas SA de CV, Posadas de Mexico SA de CV, Hotel Condesa del Mar SA and Porto Ixtapa SA de CV, among others.
GRUPO POSADAS, S.A.B. DE C.V. 
