RLH Properties, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 01:26 pm EDT
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RLH Properties, 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 1,155.11 million compared to MXN 1,649.12 million a year ago. Net loss was MXN 67.64 million compared to MXN 129.64 million a year ago. Basic loss per share from continuing operations was MXN 0.01 compared to MXN 0.12 a year ago. Diluted loss per share from continuing operations was MXN 0.01 compared to MXN 0.12 a year ago. Basic loss per share was MXN 0.01 compared to MXN 0.12 a year ago. Diluted loss per share was MXN 0.01 compared to MXN 0.12 a year ago.
For the nine months, sales was MXN 5,428.29 million compared to MXN 6,335.19 million a year ago. Net loss was MXN 109.95 million compared to net income of MXN 77.14 million a year ago. Basic loss per share from continuing operations was MXN 0.01 compared to basic earnings per share from continuing operations of MXN 0.69 a year ago. Diluted loss per share from continuing operations was MXN 0.01 compared to diluted earnings per share from continuing operations of MXN 0.69 a year ago. Basic loss per share was MXN 0.01 compared to basic earnings per share of MXN 0.69 a year ago. Diluted loss per share was MXN 0.01 compared to diluted earnings per share of MXN 0.69 a year ago.
RLH Properties SAPIB de CV is a Mexico-based company engaged in the real estate sector. The Company focuses on the acquisition and development of hotels, located in the city centers and touristic destinations, in Mexico and the Caribbean region. The Companyâs hotels portfolio includes Four Seasons and One&Only brand names. Its hotels network offers accommodation, as well as operates hospitality-related infrastructure, such as restaurant, fitness and gym, spa center and conference room. The Company is a subsidiary of Activos Turisticos de Mexico SAPI de CV.