Grupo Carso, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 04:05 pm EDT
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Grupo Carso, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 45,728.27 million compared to MXN 46,663.33 million a year ago. Net income was MXN 2,817.17 million compared to MXN 3,425.28 million a year ago. Basic earnings per share from continuing operations was MXN 1.25 compared to MXN 1.52 a year ago. Diluted earnings per share from continuing operations was MXN 1.25 compared to MXN 1.52 a year ago.
For the nine months, sales was MXN 143,027.01 million compared to MXN 126,223.81 million a year ago. Net income was MXN 10,140.96 million compared to MXN 9,889.86 million a year ago. Basic earnings per share from continuing operations was MXN 4.5 compared to MXN 4.39 a year ago. Diluted earnings per share from continuing operations was MXN 4.5 compared to MXN 4.39 a year ago.
Grupo Carso, S.A.B. de C.V. is a holding company. The Company holds interests in various companies, which operate in the industrial, retail, infrastructure and construction, and energy sectors. The Company's segments include Retail, Industrial, Infrastructure and Construction, and Carso Energy. The Company's subsidiaries include Grupo Sanborns, S.A.B. de C.V., which operates various retail formats in Mexico; Grupo Condumex, S.A. de C.V., which has a portfolio of products and services focused on meeting the needs of the telecommunications, construction, electricity, energy, automotive and mining industries; Carso Infraestructura y Construccion, S.A. de C.V., which serves the chemical and oil industry, pipeline installations, infrastructure, civil construction and housing developments sectors, and Carso Energy, S.A. de C.V., which holds interests in various companies in the sector of exploration and production of oil, gas and other hydrocarbons, and electricity.
GRUPO CARSO, S.A.B. DE C.V. 
