Axtel, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 02:59 pm EST
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Axtel, 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 2,797.53 million compared to MXN 2,652.37 million a year ago. Net income was MXN 287.37 million compared to MXN 136.93 million a year ago. Basic earnings per share from continuing operations was MXN 0.07 compared to MXN 0.07 a year ago. Diluted earnings per share from continuing operations was MXN 0.07 compared to MXN 0.07 a year ago.
For the full year, sales was MXN 10,955.89 million compared to MXN 10,479.6 million a year ago. Net income was MXN 314.31 million compared to net loss of MXN 38.81 million a year ago. Basic earnings per share from continuing operations was MXN 0.14 compared to basic loss per share from continuing operations of MXN 0.014 a year ago. Diluted earnings per share from continuing operations was MXN 0.14 compared to diluted loss per share from continuing operations of MXN 0.014 a year ago.
Axtel SAB de CV is a Mexico-based company engaged in the telecommunications sector. The Company provides broadband Internet, pay television and telephony, as well as information and communications technology (ICT) solutions for companies, financial institutions and government. The Company offers business solutions for data transmission and implementation of virtual private networks, Web hosting, data centers, managed security services to other telecommunications operators and voice services, among others. The Company's brand names portfolio includes Alestra (enterprise and government services) and Axtel (residential and small businesses). The Company's network consists of various access technologies, such as fiber optic, fixed wireless access, point-to-point links and point-to-multipoint radio. It is controlled by Alfa SAB de CV.
AXTEL, S.A.B. DE C.V. 
