Consorcio Ara, S. A. B. De C. V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 03:15 pm EDT
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Consorcio ARA, S. A. B. De C. V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 1,517.339 million compared to MXN 1,106.350 million a year ago. Operating income was MXN 150.906 million compared to MXN 106.700 million a year ago. Net income was MXN 139.124 million compared to MXN 70.156 million a year ago. For the half year, sales was MXN 3,100.954 million compared to MXN 2,538.423 million a year ago. Operating income was MXN 349.588 million compared to MXN 189.386 million a year ago. Net income was MXN 304.513 million compared to MXN 164.372 million a year ago.
Consorcio Ara SAB de CV is a Mexico-based company engaged in the real estate sector. The Companyâs main activities include the design, construction, promotion, leasing and sale of residential properties. Its housing portfolio is divided into four business lines: Progressive, Social Interest, Medium and Residential. The Company is also involved in the development, management and leasing of supermarkets and shopping centers located in the State of Mexico, Baja California and Veracruz. The Company operates through a number of subsidiaries, such as Consorcio de Ingenieria Integral SA de CV, Proyectos Urbanos Ecologicos SA de CV, Constructora y Urbanizadora Ara SA de CV, Asesoria Tecnica y Administrativa Gavi SA de CV, Promotora y Desarrolladora de Centros Comerciales SA de CV, Desarrollos Inmobiliarios Turisticos Ara SA de CV and Inmobiliaria el Globo SA de CV.
CONSORCIO ARA, S. A. B. DE C. V. 
