The net profit of Carso Group it grew 27.4% in the first quarter of 2023, reaching 3,870 million pesos, from the 3,037 million pesos reached in the same period of the previous year.
According to its report to the Mexican Stock Exchange (BMV), the controller of companies such as Condumex, sanborns, Infrastructureamong others, recorded these gains thanks to the better results of its subsidiaries.
The operating profit also registered an increase of 58%, going from 6,125 million pesos in the period, compared to the 3,875 million pesos registered in the first quarter of 2022.
“The divisions that improved their profitability were sanborns, Condumex, ElementiaCarso Infraestructura and Carso Energy”, market investors were informed.
sales of sanbornsa company that the Slim family delisted from the BMV last December, they grew 22% to reach 16,452 million pesos, operating expenses represented 26.5% in the quarter, against 28.1% in the same period of the previous year.
Ebitda grew 52.5% to reach 1,656 million pesos against 1,086 million in the first quarter of 2022. Net profit was 915 million pesos, a growth of 85.4% compared to 493.5 million, registered in the period January- March 2022.
Condumex Group registered a net profit of 1,174 million pesos, 9.7% higher than the 1,070 million pesos earned in the period January-March 2022. Domestic sales stood out, while export sales to South America increased despite a reduction in the exchange rate.
Carso Infrastructure and Construction sold 42.9% more than those sold in the first quarter of 2022. The increases were due to a higher volume executed in all projects and a higher income in the chemical and oil industry.
The net profit of the parent company went from 563 million pesos in the first quarter of 2022 to a profit of 872 million pesos in the quarter that just ended.
Elementiaan operation that was integrated into carso Last year, it recorded a 49% decrease in its net profit, registering an amount of 157 million pesos, against the 307 million earned a year earlier. It was affected by a lower demand in Construsistemas.
The net profit of Carso Energy it went from 679 million pesos last year to 1,082 million in the first three months of this year.
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