Promotora y Operadora de Infraestructura, S. A. B. de C. V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 09:14 am IST
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Promotora y Operadora de Infraestructura, 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 3,849.47 million compared to MXN 3,529.87 million a year ago. Net income was MXN 979.26 million compared to MXN 1,215.82 million a year ago. Basic earnings per share from continuing operations was MXN 2.83 compared to MXN 3.47 a year ago. Diluted earnings per share from continuing operations was MXN 2.83 compared to MXN 3.47 a year ago.
For the six months, sales was MXN 7,392.45 million compared to MXN 7,104.8 million a year ago. Net income was MXN 1,989.84 million compared to MXN 2,363.45 million a year ago. Basic earnings per share from continuing operations was MXN 5.76 compared to MXN 6.64 a year ago. Diluted earnings per share from continuing operations was MXN 5.76 compared to MXN 6.64 a year ago.
Promotora y Operadora de Infraestructura SAB de CV (PINFRA) is a Mexico-based company primarily engaged in the highways operation. The Company is involved in the supervision of construction, operation and maintenance of highways, as well as production of asphalt and other supplies related to road construction. The Company's activities are divided into three business segments: Concession, Construction and Plants. The Concession division focuses on the operation of a number of toll road, bridge and multiple use port terminal concessions. The Construction division renders construction services for its new infrastructure developments and maintenance services for the concessions, which are operational. The Plants division operates asphalt plants in the metropolitan area of Mexico City, which is used to pave highways and suburban roads.