Grupo Famsa, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 06:17 pm EDT
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Grupo Famsa, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 603.61 million compared to MXN 906.41 million a year ago. Net loss was MXN 392.42 million compared to MXN 1,388.02 million a year ago. Basic loss per share from continuing operations was MXN 0.7 compared to MXN 2.48 a year ago.
For the six months, sales was MXN 1,120.3 million compared to MXN 1,874.5 million a year ago. Net loss was MXN 938.48 million compared to MXN 2,101.95 million a year ago. Basic loss per share from continuing operations was MXN 1.68 compared to MXN 3.76 a year ago.
Grupo Famsa SAB de CV is a Mexico-based holding company primarily engaged in retail sector. The Company owns and operates a network of Famsa Mexico department stores located in Mexican cities, as well as Famsa USA stores established in the United States. Via its retail network, the Company is active in the import, distribution and sale of household appliances, furniture and consumer electronics, among others. Through Banco Ahorro Famsa SA Institucion de Banca Multiple, the Company is also involved in the provision of a variety of banking and sales financing services to its retail customers.
GRUPO FAMSA, S.A.B. DE C.V. 
