Grupo Kuo, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended on March 31, 2017
April 24, 2017
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Grupo Kuo, S.A.B. de C.V. announced unaudited consolidated earnings results for the first quarter ended on March 31, 2017. For the period, the company’s revenue was MXN 6,381.8 million as compared to MXN 4,915.4 million a year ago. Pro forma revenue was MXN 10,411.3 million as compared to MXN 7,836.1 million a year ago. Operating profit was MXN 792.1 million as compared to MXN 563.9 million a year ago. Pro forma operating profit was MXN was 1,005.8 million as compared to MXN 658.7 million a year ago. Pro Forma EBITDA was MXN 1,269.4 million as compared to MXN 955.2 million a year ago. Profit from continuing operations was MXN 1,042 million as compared to MXN 213 million a year ago. Pro Forma profit from continuing operations was MXN 1,041 million as compared to MXN 214 million a year ago. Net profit was MXN 999 million as compared to MXN 237 million a year ago. Pro forma net profit was MXN 998 million as compared to MXN 238 million a year ago.
Grupo KUO SAB de CV is a Mexico-based industrial and commercial global holding company. The Company holds shares of entities located in Mexico, the United States, Spain, Belgium and China that are engaged in manufacture and sale of consumer business products, including processed food, beverages and pork meat, chemical products and auto parts. Its business includes six strategic business units (SBUs), including Pork Meat, JV Herdez Del Fuerte, JV Synthetic Rubber, Plastics, Transmissions and Aftermarket. The Pork Meat SBU is a producer of pork in Mexico and exporter to Japan and South Korea. The Aftermarket SBU offers engine, power train and brake systems components, and is an exporter of gaskets, seals and joints. Its principal subsidiaries include Keken, S.A. de C.V. and subsidiaries; KUO Consumo, S.A.P.I. de C.V.; Industrias Negromex, S.A. de C.V; Resirene, S.A. de C.V.; Transmisiones y Equipos Mecanicos, S.A. de C.V., and Dacomsa, S.A. de C.V.
GRUPO KUO, S.A.B. DE C.V. 
