Hoteles City Express, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 21, 2021 at 03:03 pm EDT
Share
Hoteles City Express, 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 519.011 million compared to MXN 147.335 million a year ago. Operating loss was MXN 21.011 million compared to MXN 267.517 million a year ago. Net loss was MXN 116.898 million compared to MXN 467.486 million a year ago. Basic loss per share was MXN 0.47 compared to MXN 1.25 a year ago. For the half year, sales was MXN 909.816 million compared to MXN 798.918 million a year ago. Operating loss was MXN 131.028 million compared to MXN 231.549 million a year ago. Net loss was MXN 293.266 million compared to MXN 531.362 million a year ago. Basic loss per share was MXN 0.78 compared to MXN 1.42 a year ago.
Hoteles City Express SAB de CV is a Mexico-based company, which owns and franchises a chain of hotels. The Company's activities are divided into two business segments: Hotel operations and Administration. The Hotel operations division includes management and rental of own hotels, as well as brand franchising. The Administration division provides administration services for hotel owners. The Company operates various hotel formats under a number of brand names, such as City Express, City Express Plus, City Express Suites, City Express Junior and City Centro. It owns over 120 hotels. The Company's hotel infrastructure is located in Latin America, including Mexico, Chile, Costa Rica and Colombia.
HOTELES CITY EXPRESS, S.A.B. DE C.V. 
