GMéxico Transportes, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:57 pm EDT
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GMéxico Transportes, 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 14,363.84 million compared to MXN 13,438.02 million a year ago. Net income was MXN 2,140.37 million compared to MXN 2,032.94 million a year ago. Basic earnings per share from continuing operations was MXN 0.4909 compared to MXN 0.467 a year ago.
For the six months, sales was MXN 28,617.24 million compared to MXN 26,657.23 million a year ago. Net income was MXN 4,244.55 million compared to MXN 4,043.62 million a year ago. Basic earnings per share from continuing operations was MXN 0.9735 compared to MXN 0.929 a year ago.
GMexico Transportes SAB de CV, formerly known as GMexico Transportes SA de CV (GMXT), is a Mexico-based company, which offers railway cargo services in the segments of agriculture, automotive, minerals, energy, chemicals, steel, cement, and consumer goods. The Company is a subsidiary of Grupo Mexico SAB de CV and it represents its Transportation Division. Its main subsidiaries are Grupo Ferroviario Mexicano SA de CV (GFM), Ferrocarril Mexicano, SA de CV (Ferromex), Infraestructura y Transportes Ferroviarios SA de CV (ITF), Ferrosur, SA de CV (Ferrosur), Intermodal Mexico SA de CV (IMEX) and Texas Pacifico LP Inc (TXP). It has a network of over 10,500 kilometers (km) of rails through approximately 20 states in Mexico, and the state of Texas in the United States. GMXTâs lines connect at border points with the United States, as well as at more than four ports on the Pacific Coast, and some more on the Gulf of Mexico.
GMÉXICO TRANSPORTES, S.A.B. DE C.V. 
