Grupo Mexico Transportes’s flow increases 12.4%

Grupo Mexico Transportes’s flow increases 12.4%

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MEXICO During the first quarter of 2019, the railway company Grupo México Transportes obtained an operating flow of US$251 million, 12.4% higher than that registered in the same period last year.

In its financial report sent to Bolsa Mexicana de Valores (BMV), the firm stated that said increase was possible due to higher incomes in terms of grain transport as well as other agricultural products transport by new types of wagons, but also to the movement of cars from Mexico to the west coast of the United States.

Therefore, the company’s sales between January and March of this year totaled US$574 million, 7.1% above of what it had in the same period of 2018.

While the net profit of the company was US$71 million, 27.2% less than what they had in the first three months of last year.

It should be noted that Grupo Mexico’s report as a conglomerate reported that the company has already approved three investment projects in the country, two are located in Monterrey and one in Celaya, in which they will inject US$201 million.

Source: El Financiero