Grupo Rotoplas S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 02:50 am IST
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Grupo Rotoplas S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 3,004 million compared to MXN 3,447 million a year ago. Net loss was MXN 24 million compared to net income of MXN 122 million a year ago.
For the six months, sales was MXN 5,750 million compared to MXN 6,107 million a year ago. Net income was MXN 12 million compared to MXN 210 million a year ago. Basic earnings per share from continuing operations was MXN 0.03 compared to MXN 0.43 a year ago.
Grupo Rotoplas SAB de CV is a Mexico-based company, which develops and provides water-related solutions. The Company products portfolio is divided into four categories: Storage, Piping and Pressurization, Improvement and Auto-Sustainable. Storage provides water tanks, water wagons, as well as products for industrial and agricultural purposes. Piping and Pressurization offers piping, valves and related accessories, as well as different kind of pumps, among others. Improvement includes a variety of water heaters, purificators and filters, among others. Auto-Sustainable offers, among others, rainwater collection systems. The Companyâs service offering includes installation and maintenance of all its products, purification services for drinkable water, and the design, construction, management and maintenance of water treatment plants for industrial customers. The Company is directly and indirectly active in the Americas through a distribution network and an ecommerce platform.