Axtel, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 02:03 pm EDT
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Axtel, 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 2,631.05 million compared to MXN 2,543.94 million a year ago. Net income was MXN 63.45 million compared to net loss of MXN 171.28 million a year ago.
For the six months, sales was MXN 5,376.77 million compared to MXN 5,091.04 million a year ago. Net income was MXN 284.65 million compared to net loss of MXN 60.23 million a year ago. Basic earnings per share from continuing operations was MXN 0.1. Diluted earnings per share from continuing operations was MXN 0.1.
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. 
