Industrias Unidas, S.A. de C.V. Consolidated Results of Operations for Q4 2020
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Thursday, April 22, 2021
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Finance, Money, Profit, Fundamental analysis, Economy, Earnings before interest, taxes, depreciation and amortization, Net income, Earnings before interest and taxes, Cash flow, Income, Amortization, Net operating loss
b'1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies.
Key Points:
- b'1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies.
- EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with MFRS, or as an indicator of operating performance or to cash flows from operating activity as a measure of liquidity.
- EBITDA is not a recognized term under MFRS or U.S. GAAP and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activity as a measure of liquidity.\nOur consolidated net Income for the twelve months ended December 31, 2020 was Ps.59.1 million (US$3.0 million), compared to a net loss of Ps.177.6 million in the same period of 2019.
- This change is primarily due to an increase in our cost of sales due to market conditions.\nOur net revenues for the twelve months of 2020 increased 8.4% to Ps.19,719.2 million (US$988.4 million) from Ps.18,183.1 million in the same period of 2019.