This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0E0NG_M.jpg
The company posted a net profit of 1.118 billion pesos ($55.56 million) up from 760.6 million pesos in the same period in 2021.
The company’s revenue edged up 3.6% to 19.252 billion pesos from the year-earlier period.
The company said in a statement filed to the Mexican stock exchange that its board approved a spin-off proposal for some of its businesses including soccer operations and the iconic Azteca stadium in Mexico City.
It said it expects this proposal to be implemented in the first half of next year, pending the necessary regulatory approvals.
($1 = 20.1271 pesos by end-September)
