Grupo Gicsa, S.A. de C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
February 24, 2020
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Grupo Gicsa, S.A. de C.V. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company reported total operating revenue of MXN 1,175.797 million against MXN 1,005.977 million a year ago. Total revenue was MXN 1,273.152 million against MXN 1,156.247 million a year ago. Operating profit was MXN 793.204 million against MXN 4,779.084 million a year ago. Consolidated net profit was MXN 268.844 million against MXN 4,731.617 million a year ago.
For the year, the company reported total operating revenue of MXN 4,510.021 million against MXN 5,061.753 million a year ago. Total revenue was MXN 5,802.576 million against MXN 5,686.990 million a year ago. Operating profit was MXN 5,334.495 million against MXN 7,932.267 million a year ago. Consolidated net profit was MXN 2,826.788 million against MXN 6,054.454 million a year ago.
Grupo Gicsa SAB de CV is a Mexico-based company engaged in the real estate development. The Company specializes in the land acquisition and real estate construction, development, management, sell and rental. Its business activities are divided into six segments: Shopping malls, including construction of shopping centers and retail stores; Business offices, providing office buildings; Industrial properties, involved in the development of industrial space; Residential, executing housing projects; Mixed developments, comprising projects that develop different purpose buildings; and Services, which encompasses hospitality services. The Company develops projects in a range of Mexican cities, such as Mexico City, Merida, Cancun, Queretaro, Monterrey and Tultitlan. Furthermore, It operates through a number of subsidiaries.
GRUPO GICSA S.A.B. DE C.V. 
