Alfa S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 04:15 pm EST
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Alfa S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 68,439.54 million compared to MXN 87,698.19 million a year ago. Net loss was MXN 11,282.1 million compared to MXN 331.74 million a year ago. Basic loss per share from continuing operations was MXN 2.34 compared to MXN 0.08 a year ago. Diluted loss per share from continuing operations was MXN 2.34 compared to MXN 0.08 a year ago.
For the full year, sales was MXN 291,207.37 million compared to MXN 363,864.14 million a year ago. Net loss was MXN 12,250.47 million compared to net income of MXN 11,723.27 million a year ago. Basic loss per share from continuing operations was MXN 2.56 compared to basic earnings per share from continuing operations of MXN 2.43 a year ago.
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
ALFA S.A.B. DE C.V. 
