Company Profile For Industrias Penoles, S.A.B. de C.V.

Industrias Penoles, S.A.B. de C.V. (PENOLES.MX) (Mexico Stock Exchange)
sector: Basic Materials · industry: Precious Metals & Minerals ·
As of  5:00pm GMT
296.00MXN
Price Change
+6.16
Percent Change
+2.13%
 
 
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Overview

Industrias Penoles SAB de CV is a Mexico-based holding company. Through its subsidiaries, the Company is engaged in mining, smelting and refining non-ferrous metals, as well as producing chemicals. It is structured into three core divisions: Exploration, Mining and Metals-Chemicals. In the Exploration area, the Company is active in locating, studying, analyzing and developing deposits of non-ferrous metals in Mexico and Latin America. Though the Mining division, it operates mining facilities, such as Fresnillo, a silver mine; La Cienega and La Herradura, gold mines; Naica, a lead mine, and Francisco I. Madero, a zinc mine. In the Metals-Chemicals area, the Company owns Met-Mex Penoles, a non-ferrous metallurgical complex. Additionally, the Chemicals division is engaged in the production and sale of sodium sulfate, magnesium oxide, magnesium sulfate, and ammonium sulfate.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Industrias Penoles SAB de CV's total revenue decreased 26% to PS30.71B. Net income for the period decreased 64% to PS2.92B. Total revenue reflects a decrease in demand for the Company's products and services. Net income suffered from a significant decrease in operating profit margins due to an increase in administrative expenses. Net income also suffered from higher other financial expenses.

Company Address

Industrias Penoles, S.A.B. de C.V.
Moliere no 222
Col. Polanco
Mexico, D.F.     11540
P: +5255.52793000
F: +5255.52793514

Total Employees

8586

Find Out More About PENOLES.MX

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