Hoteles City Express, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 19, 2021
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Hoteles City Express, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 637.8 million compared to MXN 296.54 million a year ago. Net loss was MXN 100.74 million compared to MXN 276.79 million a year ago. Basic loss per share from continuing operations was MXN 0.27. Diluted loss per share from continuing operations was MXN 0.27.
For the nine months, sales was MXN 1,547.61 million compared to MXN 1,095.46 million a year ago. Net loss was MXN 394.01 million compared to MXN 808.15 million a year ago. Basic loss per share from continuing operations was MXN 1.0489. Diluted loss per share from continuing operations was MXN 1.0489.
Hoteles City Express SAB de CV is a Mexico-based company, which owns and franchises a chain of hotels. The Company's activities are divided into two business segments: Hotel operations and Administration. The Hotel operations division includes management and rental of own hotels, as well as brand franchising. The Administration division provides administration services for hotel owners. The Company operates various hotel formats under a number of brand names, such as City Express, City Express Plus, City Express Suites, City Express Junior and City Centro. It owns over 120 hotels. The Company's hotel infrastructure is located in Latin America, including Mexico, Chile, Costa Rica and Colombia.
HOTELES CITY EXPRESS, S.A.B. DE C.V. 
