Grupo Carso’s net profit falls 5.7% in the third quarter

Carso Group, the industrial conglomerate of Carlos Slim, registered a decrease in its net profit of 5.7% in the third quarter of 2021, compared to the same period last year, going from 2,723 million pesos to 2,568 million pesos.

The issuer shared its financial statements for the third quarter of 2021 to the Mexican Stock Exchange (BMV) this Monday at the close of the stock market.

its operating profit was affected by the rethinking of the Pension plan of its employees in the commercial area, obtaining a decrease of 4.3%, closing at 1,167 million pesos, when in the same period of the previous year it registered 3,337 million pesos.

The operating cash flow (EBITDA) of the company was 4,094 million pesos in the reported quarter, this is 34.4% higher than the 3,045 million pesos in the same quarter of the previous year, with a margin that went from 12.3 to 13.6%, according to its report .

The firm focuses primarily on commercial, industrial, infrastructure and construction sectors.

Total sales of Sanborns Group, rose 29.9%, to 11,994 million pesos, driven by a higher capacity in department stores.

On the other hand, the sales of Condumex Group grew 18.3%, totaling 11,127 million pesos, this mainly due to a higher demand for fiber optic and coaxial cables.

Income recorded by Expensive Infrastructure and Construction totaled 6.5 billion pesos in the third quarter of 2021, a 0.9% contraction compared to the same period in 2020

The actions of Carso Group closed their listing on Monday at the BMW at 70.27 pesos per title, meaning a decrease of 0.29 percent.


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