Internacional De Cerámica, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 14, 2021 at 06:10 pm EDT
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Internacional de Cerámica, 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 3,082.643 million compared to MXN 2,191.928 million a year ago. Operating income was MXN 280.728 million compared to MXN 19.343 million a year ago. Net income was MXN 204.703 million compared to net loss of MXN 54.122 million a year ago. For the half year, sales was MXN 5,914.957 million compared to MXN 4,891.808 million a year ago. Operating income was MXN 499.917 million compared to MXN 233.263 million a year ago. Net income was MXN 173.239 million compared to net loss of MXN 551.444 million a year ago.
Internacional de Ceramica, S.A.B. de C.V. is engaged in the manufacturing of ceramic and porcelain tile in North and Central America. The Company manufactures and distributes accents and natural stones as well. The Company offers products in various categories, such as natural stone, ceramic, porcelain, glass, quarry, decorative, green squared, high density, digital technology, made in the Unites States, wall and special order. It offers products for residential use, including bathrooms, kitchens, dining rooms, bedrooms, living rooms and exterior, as well as for commercial use, including restaurant, entertainment, hospitality, retail and healthcare/institutional. The Company's distribution system in the Unites States includes approximately 10 Company-owned showrooms, over three distribution centers and approximately 50 independent distributors throughout the Unites States and Canada, as well as over 300 retail locations throughout Mexico, Asia and Central America.