Organizaci?n Cultiba, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 04:31 pm EDT
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Organizaci?n Cultiba, 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 1,187.87 million compared to MXN 1,229.95 million a year ago. Net income was MXN 70.08 million compared to MXN 128.92 million a year ago. Basic earnings per share from continuing operations was MXN 0.1 compared to MXN 0.18 a year ago. Diluted earnings per share from continuing operations was MXN 0.1 compared to MXN 0.18 a year ago.
For the nine months, sales was MXN 3,673.59 million compared to MXN 4,204.98 million a year ago. Net income was MXN 539.9 million compared to MXN 627.33 million a year ago. Basic earnings per share from continuing operations was MXN 0.75 compared to MXN 0.87 a year ago. Diluted earnings per share from continuing operations was MXN 0.75 compared to MXN 0.87 a year ago.
Organizacion Cultiba SAB de CV (Cultiba) is a Mexico-based holding company principally engaged, together with its subsidiaries, in the beverages industry. The Company has license from Pepsi-Co Inc to produce, distribute and sell mainly the Pepsi Cola, Manzanita Sol, Mirinda, Kas, Gatorade, Lipton, Be Light, Mountain Dew and Seven Up soft drink trademarks. The Company also produces and distributes bottled water under the Trisoda, Santorini and Junghanns brands, among others. In addition, the Company is involved in the production of cane sugar and molasses. The Company owns such subsidiaries as Geusa SA de Tala Electric SA de CV, Agroestevia SA de CV, Geupec Administracion SA de CV, Ingenio Rosales SA de CV and Embotelladora Valle de Oaxaca SA de CV, among others. On August 31, 2013, Cultiba incorporated Grupo Azucarero Mexico SA de CV (GAM) and Controladora de Negocios Azucareros SA de CV (CONASA).
ORGANIZACIÓN CULTIBA, S.A.B. DE C.V. 
