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Article: GRUPO POSADAS REPORTS 4 PERCENT INCREASE IN FIRST QUARTER EARNINGS
- Article from:
- PR Newswire
- Article date:
- April 30, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, April 30 /PRNewswire/ -- Grupo Posadas, S.A. de C.V., today reported results for its first quarter ended March 31, 1993.
Revenues for the quarter were 123 million new pesos, an increase in real terms of 11 percent versus the same period in 1992. Operating profit for the three months ended March 31, 1993 was NPs. 23 million, an increase in real terms of 10 percent versus the same period in 1992. Net income for the quarter was NPs. 22 million compared to NPs. 19 million in 1992, an increase in real terms of 4 percent.
Operating profit was impacted by an increase in expenses especially in the other related businesses due to construction costs associated ...
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Article: Grupo Posadas Announces Acquisition of the Caesar ...
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May 4, 1998 ;
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... ... owned by Posadas -- Grupo Posadas, owner and operator of the Fiesta Americana and Fiesta Inn hotel ... With this acquisition, Grupo Posadas has begun its expansion ... segments: Caesar Park and Fiesta Americana in the five-star luxury ...
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