trending Market Intelligence /marketintelligence/en/news-insights/trending/WIDIbyWzvW221QyYGxXVqw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

RLH Properties Q3 loss narrows YOY

Capital Markets View – February 2021

Blog

TMT News & Insights: February 2021

Blog

Whats on the Horizon for the Cruise Hotel Resorts Sector

Blog

Latin America multichannel broadband market 2020 recap


RLH Properties Q3 loss narrows YOY

RLH Properties S.A.B. de C.V. said its normalized net income for the third quarter amounted to a loss of 38 Mexican centavos per share, compared with a loss of 53 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 39.4 million pesos, compared with a loss of 55.5 million pesos in the year-earlier period.

The normalized profit margin increased to negative 36.8% from negative 70.2% in the year-earlier period.

Total revenue rose 14.8% on an annual basis to 90.8 million pesos from 79.1 million pesos, and total operating expenses grew 51.1% year over year to 102.2 million pesos from 67.6 million pesos.

Reported net income came to a loss of 47.4 million pesos, or a loss of 46 centavos per share, compared to a loss of 65.5 million pesos, or a loss of 63 centavos per share, in the prior-year period.

As of Oct. 28, US$1 was equivalent to 18.73 Mexican pesos.