Urbi, Desarrollos Urbanos, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 28, 2022 at 05:18 pm EST
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Urbi, Desarrollos Urbanos, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was MXN 164.08 million compared to MXN 71.99 million a year ago. Net loss was MXN 110.64 million compared to MXN 119.72 million a year ago. Basic loss per share from continuing operations was MXN 9.5 compared to MXN 10.29 a year ago. Diluted loss per share from continuing operations was MXN 9.5 compared to MXN 10.29 a year ago.
For the full year, sales was MXN 325.68 million compared to MXN 258.83 million a year ago. Net loss was MXN 123.32 million compared to MXN 1,164.75 million a year ago. Basic loss per share from continuing operations was MXN 10.59 compared to MXN 100.18 a year ago. Diluted loss per share from continuing operations was MXN 10.59 compared to MXN 100.18 a year ago.
Urbi Desarrollos Urbanos SAB de CV is a Mexico-based company primarily engaged in the homebuilding sector. The Company's activities are divided into three business lines: Real estate development, Real estate construction and Plots. The Real estate development line is responsible for the design, construction and sale of own residential buildings, which aim at low, middle, and high-income families. The Real estate construction line comprises management and construction of residential projects for third parties. The Plots line focuses on the acquisition, subdivision and sale of land. The Company develops housing projects under a range of brand names, including UrbiVilla, UrbiQuinta, UrbiHacienda and UrbiClub. The Company operates through numerous subsidiaries, such as Ingenieria y Obras SA de CV, Obras y Desarrollos Urbi SA de CV and Cyd Desarrollos Urbanos SA de CV.
URBI, DESARROLLOS URBANOS, S.A.B. DE C.V. 
