Grupo TMM publishes its financial results for the fourth quarter and fiscal year 2020 Other OTC: GTMAY

Grupo TMM publishes its financial results for the fourth quarter and fiscal year 2020 Other OTC: GTMAY

(In millions of Mexican pesos)

Fourth quarter 2020 and full year results include:

Have shareholders of $ 2,095.1 million. 12.6% financial debt from shareholders’ equity. Business expenses – 44% decrease year over year.

MEXICO CITY, March 01, 2021 (GLOBE NEWSWIRE) – Grupo TMM, SAB (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican shipping and logistics management company, announced today hui its results for the fourth quarter and full year 2020.

José F. Serrano, President of Grupo TMM, said: “Although 2020 has been a very complicated year for Mexico, and in particular for the maritime transport and logistics and energy sectors due to the slowdown in economy and the fall in oil prices since 2019, as well as the persistent adverse effects of the coronavirus pandemic, Grupo TMM has shown that thanks to its proven experience and its adaptability through its strategies of technological transformation, optimization of costs and customer diversification, it has the capacity to reinvent all its resources, its assets and its financial situation to strengthen its customers’ confidence and its participation in the market. “

“Grupo TMM is now a more dynamic and modern organization, ready to capitalize on opportunities and challenges, and to participate in profitable projects and alliances with world-renowned companies. By ensuring integrated transport, logistics, storage and distribution …

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