Mon 05/04/2020 10:53 AM
Relevant Documents:
Earnings Release
Earnings Presentation
Mexican hotelier Grupo Posadas reported first-quarter revenue of 2.117 billion Mexican pesos ($88.5 million), a 3.9% year-over-year increase. EBITDA declined 8.2% year over year to MXN 316 million in the first quarter of 2020.
Posadas has MXN 1.15 billion of cash on hand (about $47 million), of which $36 million is denominated in U.S. dollars, representing 75% of its total cash. During the quarter the company’s cash burn...
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