Hoteles City Express, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 17, 2022 at 01:34 am IST
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Hoteles City Express, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was MXN 726.19 million compared to MXN 386.78 million a year ago. Net loss was MXN 2.34 million compared to MXN 304.49 million a year ago. Basic loss per share from continuing operations was MXN 0.006 compared to MXN 0.81 a year ago. Diluted loss per share from continuing operations was MXN 0.006 compared to MXN 0.81 a year ago.
For the full year, sales was MXN 2,273.8 million compared to MXN 1,482.24 million a year ago. Net loss was MXN 396.35 million compared to MXN 1,112.65 million a year ago. Basic loss per share from continuing operations was MXN 1.0298 compared to MXN 2.9894 a year ago. Diluted loss per share from continuing operations was MXN 1.0298 compared to MXN 2.9894 a year ago.
Hoteles City Express SAB de CV is a Mexico-based company, which owns and franchises a chain of hotels. The Company's activities are divided into two business segments: Hotel operations and Administration. The Hotel operations division includes management and rental of own hotels, as well as brand franchising. The Administration division provides administration services for hotel owners. The Company operates various hotel formats under a number of brand names, such as City Express, City Express Plus, City Express Suites, City Express Junior and City Centro. It owns over 120 hotels. The Company's hotel infrastructure is located in Latin America, including Mexico, Chile, Costa Rica and Colombia.
HOTELES CITY EXPRESS, S.A.B. DE C.V. 
