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Article: Grupo Sidek Announces Results for Six-Month Period Ended June 30, 1997
- Article from:
- PR Newswire
- Article date:
- July 28, 1997
CopyrightCOPYRIGHT 1997 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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GUADALAJARA, Mexico, July 28 /PRNewswire/ -- Grupo Sidek, S.A. de C.V. (OTC-Bulletin Board: GPSAY GPSBY) announced today its results for the six-month period ended June 30, 1997.
Sidek's revenues for the six-month period ended June 30, 1997 decreased 19% to Ps. 2,099 million from Ps. 2,588 million for the six-month period ended June 30, 1996. The Company's results of operations for the 1997 period reflected an increase of Ps. 203 million in its provisions for doubtful receivables and other losses. Sidek recorded financing income of Ps. 404 million for the six-month period ended June 30, 1997 versus financing income of Ps. 746 million in the same period of ...