G Collado, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
February 27, 2023 at 06:04 pm EST
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G Collado, S.A.B. de C.V. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 2,892.91 million compared to MXN 3,129.09 million a year ago. Net loss was MXN 18.29 million compared to net income of MXN 17.64 million a year ago.
Basic loss per share from continuing operations was MXN 0.04 compared to basic earnings per share from continuing operations of MXN 0.04 a year ago. Diluted loss per share from continuing operations was MXN 0.04 compared to diluted earnings per share from continuing operations of MXN 0.04 a year ago.
G Collado SAB de CV is a Mexico-based company primarily engaged in the steel industry. The Companyâs main activities comprise purchase and sale, as well as transformation and distribution of steel products, principally dedicated for the construction, industrial and commercial use. Its products portfolio includes industrial pipes, commercial profiles, sheets, plates, beams, panels, mesh, rods, wire rods, wire, nails, forecastles and rings, among others. The Company also offers additional steel processing services, such as cutting, forming, bending, assembling, rolling, printing, punching and shotblasting. It operates through Grupo Collado SA de CV, Coryer SA de CV and Acer-Mon SA de CV, among others.