Grupo Lamosa, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 06:35 pm EDT
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Grupo Lamosa, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 6,157.818 million compared to MXN 3,522.616 million a year ago. Operating income was MXN 1,613.522 million compared to MXN 316.606 million a year ago. Net income was MXN 1,196.205 million compared to MXN 450.293 million a year ago. For the half year, sales was MXN 12,245.173 million compared to MXN 7,926.622 million a year ago. Operating income was MXN 3,039.483 million compared to MXN 886.505 million a year ago. Net income was MXN 1,983.573 million compared to net loss of MXN 475.395 million a year ago.
Grupo Lamosa SAB de CV is a Mexico-based company engaged, through its subsidiaries, in the construction and real estate sectors. The Companyâs activities are structured into four business areas, namely Tiles and Flooring, Adhesives and Waterproofing, Sanitary Ware and Real Estate Development. The Tiles and Flooring area offers such brand names, as Porcelanite, Lamosa, Italica and Firenze Tecnoarte. The Adhesives and Waterproofing area operates through the Companies Crest, Perdura, Niasa and Solutek. The Sanitary Ware area operates through the Sanitarios Lamosa company. The Companyâs real estate operations include the acquisition, development and promotion of residential and non-residential properties. It operates through Ceramica San Lorenzo.