Servicios Corporativos Javer, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 01:01 am IST
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Servicios Corporativos Javer, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MXN 1,855.06 million compared to MXN 1,793.06 million a year ago. Net income was MXN 20.1 million compared to MXN 16.1 million a year ago. Basic earnings per share from continuing operations was MXN 0.07 compared to MXN 0.06 a year ago. Diluted earnings per share from continuing operations was MXN 0.07 compared to MXN 0.06 a year ago.
Servicios Corporativos Javer SAB de CV is a Mexico-based company primarily engaged in the homebuilding sectors. The Company specializes in the design, construction, promotion and sale of housing developments, which are mainly located in the northeastern region of Mexico. The Company's products portfolio comprises single-family and multifamily real estate properties that are structured in three divisions: Affordable Entry-Level, Middle-Income and Residential. The Company also owns land in the states of Nuevo Leon, Jalisco, Aguascalientes, Tamaulipas, Queretaro and Estado de Mexico, Mexico. Moreover, the Company is active in the promotion, development and sale of commercial land plots.