Latest news with #MFRS
BBC News
4 days ago
- Health
- BBC News
Kirkby tower block flats costing council £3k a day to keep safe
Two tower blocks on Merseyside are costing a council £3,000 per day to keep them safe, a senior local authority official has Rise and Willow Rise in Kirkby, which have hundreds of residents both rental tenants and leaseholders, have been using a "waking watch" service after being found to be in breach of fire safety personnel patrol the tower blocks after it was recommended by Merseyside Fire and Rescue Service (MFRS) as essential works failed to be the flat's management company terminated its contract Knowsley Council stepped in to pay for the scheme until the flats are vacated. The LDRS previously reported on a letter sent by Knowsley Council to 160 households at Willow Rise and Beech Rise confirming they would have to permanently vacate their homes in a matter of local authority explained MFRS had been forced to serve a prohibition notice due to the management company's failure to complete essential MFRS representative said when the "waking watch" ended the buildings "will no longer be safe for residents to live in". Knowsley councillor Tony Brennan said: "Residents in these two blocks, which are privately owned, have suffered from years of mismanagement and a lack of maintenance."This has now culminated in such serious health and safety issues that the Fire Service feel the building is unsafe to occupy without a 24/7 waking watch – which we are currently providing at a cost of almost £3,000 per day."With the management company confirming that they have no funds to carry out the works which would be needed to bring the buildings up to a safe standard – which would run into millions of pounds – we have had no choice but to advise residents that they should now seek alternative accommodation as soon as possible."Knowsley MP Anneliese Midgley said: "This is a deeply distressing situation that has left 160 households in my constituency at risk of homelessness through no fault of their own."The immediate priority must be to ensure everyone is safely rehoused." Listen to the best of BBC Radio Merseyside on Sounds and follow BBC Merseyside on Facebook, X, and Instagram. You can also send story ideas via Whatsapp to 0808 100 2230.
Yahoo
5 days ago
- Business
- Yahoo
Industrias Unidas, S.A. de C.V. Consolidated Results of Operations for Q1 2025
MEXICO CITY, June 04, 2025--(BUSINESS WIRE)--Industrias Unidas, S.A. de C.V. ("IUSA" or the "Company") has announced its unaudited results for the three months ended March 31 of 2025. Figures are unaudited and have been prepared in accordance with Mexican Financial Reporting Standards ("MFRS"), which are different in certain respects from Generally Accepted Accounting Principles in the United States ("U.S. GAAP"). The results from any interim period are not necessarily indicative of the results that may be expected for a full fiscal year. Unless stated otherwise, reference herein to "Pesos", "pesos", or "Ps." are to pesos, the legal currency of Mexico and references to "U.S. dollars", "dollars", "U.S. $" or "$" are to United States dollars, the legal currency of the United States of America. Except as otherwise indicated, all peso amounts are presented herein in pesos with purchasing power as of March 31, 2025, and in pesos with their historical value for other dates cited. The dollar translations provided in this document are calculated solely for the convenience of the reader using an exchange rate of Ps. 20.46 per U.S. dollar, the exchange rate published by Banco de Mexico, the country's central bank, on March 31, 2025. Three months ended March 31, 2025, compared to three months ended March 31, 2024. The following table summarizes our results of operations for the three months ending March 31, 2025, and 2024: (Figures in Millions of Pesos) For the year ended March31, 2024 2025 Revenues 6,236.3 8,876.0 Cost of Sales 4,803.3 6,922.3 Gross Profit 1,433.0 1,953.7 Selling and Administrative Expenses 630.8 805.4 Operating Income (Loss) 802.2 1,148.3 Other Expenses - Net 51.2 21.8 Comprehensive Financing Result 63.8 34.9 Taxes and Statutory Employee Profit Sharing 180.9 290.4 Equity in Income (Loss) of Associated Companies (16.0) (2.8) Consolidated Net Income (Loss) 720.3 911.8 D&A 71.5 82.2 EBITDA 1/ 873.7 1,230.5 1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies. EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with MFRS, or as an indicator of operating performance or to cash flows from operating activity as a measure of liquidity. EBITDA is not a recognized term under MFRS or U.S. GAAP and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activity as a measure of liquidity. Our consolidated net income for the three months ended March 31, 2025, was Ps.911.8 million (U.S.$44.6 million), compared to a net income of Ps.720.3 million in the same period of 2024. This represented a 26.6% increase, quarter over quarter (Q/Q). This change is primarily due to an increase in sales and hence Gross Profit. Revenues Our net revenues for the three months of 2025 increased 42.3% to Ps.8,876.0 million (U.S.$433.82 million) from Ps.6,236.3 million in the same period of 2024. This increase was driven in part by higher copper prices, combined with an increase in volume of sales. Our costs and revenues follow copper prices very closely since the market practice is to pass on to the buyer changes in raw material prices. Our sales are primarily for customers engaged in commercial, industrial and residential construction, and their related maintenance and renovation activities. We also sell to customers engaged in electrical power generation, transmission and distribution and to the sectors of gas, water and air conduction in Heating, Ventilation, Air conditioning and Refrigeration (HVACR). Our revenues consist mainly of sales of copper-based products (tubing, wire, cable and alloys) and electrical products. By country of production, approximately 61.3% of our revenues in the three months ended March 31, 2025, came from products manufactured in Mexico and the remaining 38.7% from products manufactured in the U.S. In terms of sales by region during the three months ended March 31, 2025, we derived approximately 44.0% of our revenues from sales to customers in the United States, 51.7% from customers in Mexico and 4.3% from the rest of the world ("ROW"). Cost of sales Our cost of sales in the three months ended March 31, 2025, increased by 44.1% to Ps.6,922.3 million (U.S.$338.3 million) from Ps.4,803.3 million in the same period of 2024. As a percentage of revenues, the cost of sales was 78.0% and 77.0% respectively. We reduce our cost base through several initiatives, including plant scheduling, raw material handling, and overall manufacturing overhead costs. According to our accounting policies, we make an inventory valuation at an average purchase price. In the case of copper cathodes, an aftermath adjustment is required due to the quotation period agreed with the suppliers (M+1). This initiative allows us to hedge purchases for 30 days at no additional cost. The adjustment is recorded to the cost of sales in the month in which it occurs. Gross Profit Our gross profit in the three months ended March 31, 2025, increased 36.3% to Ps.1,953.7 million (U.S.$95.5 million) from Ps.1,433.0 million in the same period of 2024. As a percentage of sales, gross profit in 2025 was 22.0% vs 23.0% in 2024. Selling and Administrative Expenses Our sales and administrative expenses in the three months ended March 31, 2025, increased 27.7% to Ps.805.4 million from Ps.630.8 in the same period of 2024. Operating Income Our operating income in the three months ended March 31, 2025, increased 43.1% to Ps. 1,148.3 million (U.S.$56.12 million) from an operating income of Ps. 802.2 in the same period of 2024. EBITDA In the three months ended March 31, 2025, our EBITDA increased 40.8% to Ps.1,230.5 million (or U.S.$60.1million), from Ps.873.7 million in the same period of 2024. The corresponding depreciation and amortization figures are Ps.422.3 million for January to March 2025 and Ps.337.7 million for the same period of 2024. Comprehensive Financing Result The following table shows our comprehensive financing results for the three months ending March 31, 2025, and 2024: (Figures in Millions of Pesos) For the year ended March 31, 2024 2025 Interest Expense (69.4) (78.5) Interest Income 51.3 30.6 Exchange Gain (Loss) - Net 88.7 88.9 Other Financing Costs (6.8) (6.1) Comprehensive Financing Result 63.8 34.9 Our comprehensive financing result in the three months ending March 31, 2025, was an expense of Ps.34.9 million, compared to an expense of Ps.63.8 million in the same period of 2024. Taxes and Statutory Employee Profit Sharing The provision for current and deferred income taxes and statutory employee profit sharing in the three months ended March 31, 2025, was an expense of Ps.290.4 million compared to an expense of Ps.180.9 million in the same period of 2024. Consolidated Net Income Our consolidated net income for the three months ended March 31, 2025, was Ps.911.8 million (U.S.$44.5 million), compared to a net income of Ps.720.3 million in the same period of 2024. Liquidity and Capital Resources Liquidity As of March 31, 2025, we had cash and cash equivalents for Ps.6,436.8 million (U.S.$314.6 million). Our policy is to invest available cash in short-term instruments issued by Mexican and U.S. banks as well as in securities issued by the governments of Mexico and the U.S. Our cash flow from operations and operating margins are significantly influenced by world market prices for raw copper, as quoted by COMEX and the London Metal Exchange ("LME"). Copper prices are subject to significant market fluctuations; average copper prices increased 18.4% in the three months ending March 31, 2025, to $4.57 US dollars per pound from $3.86 US dollar per pound in the same period of 2024. We obtain short-term financing from various sources, including Mexican and international banks. Short-term financing consists in part of lines of credit denominated in pesos and dollars. As of March 31, 2025, our outstanding short-term debt, including the current portion of long-term debt totaled Ps.422.2 million (U.S.$20.6 million), all of which was dollar denominated. On the same date, our outstanding consolidated long-term debt, excluding current portion thereof, totaled Ps.4,129.0 million (U.S.$201.8 million), all of which was dollar denominated. Accounts receivable from third parties as of March 31, 2025, were Ps.6,205.1 million (U.S.$303.3 million). Days outstanding in the domestic market were 31 days as of March 31, 2025. Debt Obligations The following table summarizes our debt as of March 31, 2025: Consolidated debt March 31, 2025 (In Millions of Pesos) U.S. subsidiaries debt 35.9 Mexican debt 4,515.4 Total 4,551.3 This total includes the restructured debt of the Company. Capital Expenditures For the three months ended March 31, 2025, we invested Ps.79.1 million (U.S. $3.9 million) in capital expenditure projects, mainly related to expansion of production and maintenance. In the three months ending March 31, 2025, our capital expenditures were allocated by segments as follows: 1.0% to copper tubing, 35.0% to wire and cable, 45.0% to valves and controls, 8.0% to electrical products and the remaining and 11.0% to other divisions. By geographic region 69.0% of total capital expenditures were invested in our Mexican facilities and the remaining 31.0% in the U.S. You should read this document in conjunction with the unaudited consolidated financial statements as of March 31, 2025, including the notes to those statements. View source version on Contacts Francisco Rodriguez, frodriguez@ tel. 5255 5216 4028
Business Wire
5 days ago
- Business
- Business Wire
Industrias Unidas, S.A. de C.V. Consolidated Results of Operations for Q1 2025
MEXICO CITY--(BUSINESS WIRE)--Industrias Unidas, S.A. de C.V. ('IUSA' or the 'Company') has announced its unaudited results for the three months ended March 31 of 2025. Figures are unaudited and have been prepared in accordance with Mexican Financial Reporting Standards ('MFRS'), which are different in certain respects from Generally Accepted Accounting Principles in the United States ('U.S. GAAP'). The results from any interim period are not necessarily indicative of the results that may be expected for a full fiscal year. Unless stated otherwise, reference herein to 'Pesos', 'pesos', or 'Ps.' are to pesos, the legal currency of Mexico and references to 'U.S. dollars', 'dollars', 'U.S. $' or '$' are to United States dollars, the legal currency of the United States of America. Except as otherwise indicated, all peso amounts are presented herein in pesos with purchasing power as of March 31, 2025, and in pesos with their historical value for other dates cited. The dollar translations provided in this document are calculated solely for the convenience of the reader using an exchange rate of Ps. 20.46 per U.S. dollar, the exchange rate published by Banco de Mexico, the country's central bank, on March 31, 2025. Three months ended March 31, 2025, compared to three months ended March 31, 2024. The following table summarizes our results of operations for the three months ending March 31, 2025, and 2024: (Figures in Millions of Pesos) For the year ended March31, 2024 2025 Revenues 6,236.3 8,876.0 Cost of Sales 4,803.3 6,922.3 Gross Profit 1,433.0 1,953.7 Selling and Administrative Expenses 630.8 805.4 Operating Income (Loss) 802.2 1,148.3 Other Expenses - Net 51.2 21.8 Comprehensive Financing Result 63.8 34.9 Taxes and Statutory Employee Profit Sharing 180.9 290.4 Equity in Income (Loss) of Associated Companies (16.0) (2.8) Consolidated Net Income (Loss) 720.3 911.8 D&A 71.5 82.2 EBITDA 1/ 873.7 1,230.5 Expand 1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies. EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with MFRS, or as an indicator of operating performance or to cash flows from operating activity as a measure of liquidity. EBITDA is not a recognized term under MFRS or U.S. GAAP and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activity as a measure of liquidity. Expand Our consolidated net income for the three months ended March 31, 2025, was Ps.911.8 million (U.S.$44.6 million), compared to a net income of Ps.720.3 million in the same period of 2024. This represented a 26.6% increase, quarter over quarter (Q/Q). This change is primarily due to an increase in sales and hence Gross Profit. Revenues Our net revenues for the three months of 2025 increased 42.3% to Ps.8,876.0 million (U.S.$433.82 million) from Ps.6,236.3 million in the same period of 2024. This increase was driven in part by higher copper prices, combined with an increase in volume of sales. Our costs and revenues follow copper prices very closely since the market practice is to pass on to the buyer changes in raw material prices. Our sales are primarily for customers engaged in commercial, industrial and residential construction, and their related maintenance and renovation activities. We also sell to customers engaged in electrical power generation, transmission and distribution and to the sectors of gas, water and air conduction in Heating, Ventilation, Air conditioning and Refrigeration (HVACR). Our revenues consist mainly of sales of copper-based products (tubing, wire, cable and alloys) and electrical products. By country of production, approximately 61.3% of our revenues in the three months ended March 31, 2025, came from products manufactured in Mexico and the remaining 38.7% from products manufactured in the U.S. In terms of sales by region during the three months ended March 31, 2025, we derived approximately 44.0% of our revenues from sales to customers in the United States, 51.7% from customers in Mexico and 4.3% from the rest of the world ('ROW'). Cost of sales Our cost of sales in the three months ended March 31, 2025, increased by 44.1% to Ps.6,922.3 million (U.S.$338.3 million) from Ps.4,803.3 million in the same period of 2024. As a percentage of revenues, the cost of sales was 78.0% and 77.0% respectively. We reduce our cost base through several initiatives, including plant scheduling, raw material handling, and overall manufacturing overhead costs. According to our accounting policies, we make an inventory valuation at an average purchase price. In the case of copper cathodes, an aftermath adjustment is required due to the quotation period agreed with the suppliers (M+1). This initiative allows us to hedge purchases for 30 days at no additional cost. The adjustment is recorded to the cost of sales in the month in which it occurs. Gross Profit Our gross profit in the three months ended March 31, 2025, increased 36.3% to Ps.1,953.7 million (U.S.$95.5 million) from Ps.1,433.0 million in the same period of 2024. As a percentage of sales, gross profit in 2025 was 22.0% vs 23.0% in 2024. Selling and Administrative Expenses Our sales and administrative expenses in the three months ended March 31, 2025, increased 27.7% to Ps.805.4 million from Ps.630.8 in the same period of 2024. Operating Income Our operating income in the three months ended March 31, 2025, increased 43.1% to Ps. 1,148.3 million (U.S.$56.12 million) from an operating income of Ps. 802.2 in the same period of 2024. EBITDA In the three months ended March 31, 2025, our EBITDA increased 40.8% to Ps.1,230.5 million (or U.S.$60.1million), from Ps.873.7 million in the same period of 2024. The corresponding depreciation and amortization figures are Ps.422.3 million for January to March 2025 and Ps.337.7 million for the same period of 2024. Comprehensive Financing Result The following table shows our comprehensive financing results for the three months ending March 31, 2025, and 2024: Our comprehensive financing result in the three months ending March 31, 2025, was an expense of Ps.34.9 million, compared to an expense of Ps.63.8 million in the same period of 2024. Taxes and Statutory Employee Profit Sharing The provision for current and deferred income taxes and statutory employee profit sharing in the three months ended March 31, 2025, was an expense of Ps.290.4 million compared to an expense of Ps.180.9 million in the same period of 2024. Consolidated Net Income Our consolidated net income for the three months ended March 31, 2025, was Ps.911.8 million (U.S.$44.5 million), compared to a net income of Ps.720.3 million in the same period of 2024. Liquidity and Capital Resources Liquidity As of March 31, 2025, we had cash and cash equivalents for Ps.6,436.8 million (U.S.$314.6 million). Our policy is to invest available cash in short-term instruments issued by Mexican and U.S. banks as well as in securities issued by the governments of Mexico and the U.S. Our cash flow from operations and operating margins are significantly influenced by world market prices for raw copper, as quoted by COMEX and the London Metal Exchange ('LME'). Copper prices are subject to significant market fluctuations; average copper prices increased 18.4% in the three months ending March 31, 2025, to $4.57 US dollars per pound from $3.86 US dollar per pound in the same period of 2024. We obtain short-term financing from various sources, including Mexican and international banks. Short-term financing consists in part of lines of credit denominated in pesos and dollars. As of March 31, 2025, our outstanding short-term debt, including the current portion of long-term debt totaled Ps.422.2 million (U.S.$20.6 million), all of which was dollar denominated. On the same date, our outstanding consolidated long-term debt, excluding current portion thereof, totaled Ps.4,129.0 million (U.S.$201.8 million), all of which was dollar denominated. Accounts receivable from third parties as of March 31, 2025, were Ps.6,205.1 million (U.S.$303.3 million). Days outstanding in the domestic market were 31 days as of March 31, 2025. Debt Obligations The following table summarizes our debt as of March 31, 2025: This total includes the restructured debt of the Company. Capital Expenditures For the three months ended March 31, 2025, we invested Ps.79.1 million (U.S. $3.9 million) in capital expenditure projects, mainly related to expansion of production and maintenance. In the three months ending March 31, 2025, our capital expenditures were allocated by segments as follows: 1.0% to copper tubing, 35.0% to wire and cable, 45.0% to valves and controls, 8.0% to electrical products and the remaining and 11.0% to other divisions. By geographic region 69.0% of total capital expenditures were invested in our Mexican facilities and the remaining 31.0% in the U.S. You should read this document in conjunction with the unaudited consolidated financial statements as of March 31, 2025, including the notes to those statements.
Yahoo
25-04-2025
- Business
- Yahoo
Resolutions Adopted at the Annual General Ordinary and Extraordinary Shareholders' Meeting for Grupo Aeroportuario del Pacifico on April 24, 2025
GUADALAJARA, Mexico, April 24, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ('the Company' or 'GAP') announces the following resolutions adopted at the Annual General Ordinary Shareholders' Meetings today, with a quorum of 88.5%: I. In compliance with Article 28, Section IV of the Mexican Securities Market Law, the following were APPROVED: The Chief Executive Officer's report regarding the results of operations for the fiscal year ended December 31, 2024, in accordance with Article 44, Section XI of the Mexican Securities Market Law and Article 172 of the Mexican General Corporate Law, together with the external auditor's report, with respect to the Company on an unconsolidated basis in accordance with Mexican Financial Reporting Standards ('MFRS'), as well as with respect to the Company and its subsidiaries on a consolidated basis in accordance with International Financial Reporting Standards ('IFRS'), each based on the Company's most recent financial statements under both standards, as well as the 2024 Sustainability Report. Board of directors' opinion on the Chief Executive Officer's report. Board of directors' report in accordance with Article 172, clause b, of the Mexican General Corporate Law, regarding the Company's main accounting policies and criteria, as well as the information used to prepare the Company's financial statements. Report on transactions and activities undertaken by the Company's board of directors during the fiscal year ended December 31, 2024, pursuant to the Mexican Securities Market Law. The annual report on the activities undertaken by the Audit and Corporate Practices Committee in accordance with Article 43 of the Mexican Securities Market Law, as well as the ratification of the actions of the various committees, and release from further obligations. Report on the Company's compliance with tax obligations for the fiscal year from January 1 to December 31, 2023, and an instruction to Company officials to comply with tax obligations corresponding to the fiscal year from January 1 and ended December 31, 2024, in accordance with Article 26, Section III of the Mexican Fiscal Code. II. RATIFICATION of the actions of our Board of Directors and officers and RELEASE from further obligations in the fulfillment of their duties. III. APPROVAL of the Company's financial statements for the fiscal year from January 1 to December 31, 2024, on an unconsolidated basis, in accordance with MFRS for purposes of calculating legal reserves, net income, fiscal effects related to dividend payments and capital reduction, as applicable. APPROVAL of the financial statements of the Company and its subsidiaries on a consolidated basis in accordance with IFRS for their publication to financial markets, with respect to our operations that took place during the fiscal year from January 1 to December 31, 2024, and APPROVAL of the external auditor's report regarding both aforementioned financial statements. IV. APPROVAL that from the Company's net income for the fiscal year ended December 31, 2024, reported in its unconsolidated financial statements, presented in the agenda item III above and audited in accordance with MFRS, which was Ps. 8,279,790,417.00 (EIGHT BILLION TWO HUNDRED SEVENTY-NINE MILLION SEVEN HUNDRED NINETY THOUSAND, FOUR HUNDRED SEVENTEEN PESOS 00/100 M.N.), the allocation of the entire amount towards increasing the Company's retained earnings account, without separating an amount for the Company's legal reserves, given that the account currently represents more than 20% of the historical common stock of the Company, thereby meeting the requirement established in Article 20 of the Mexican General Corporate Law. In addition, APPROVAL to cancel from the Company's current legal reserve such amount exceeding 20% of the historical common stock of the Company, in accordance with the requirements established in Articles 20 and 21 of the Mexican General Corporate Law and allocating said excess amount to the Company's retained earnings account. V. APPROVAL that from the retained earnings account which amounts to a total of Ps. 18,864,285,272.00 (EIGHTEEN BILLION EIGHT HUNDRED SIXTY-FOUR MILLION TWO HUNDRED EIGHTY-FIVE THOUSAND TWO HUNDRED SEVENTY-TWO PESOS 00/100 M.N.), a dividend equal to Ps.16.84 (SIXTEEN PESOS 84/100 M.N.) pesos per share, to be paid to the holders of each share outstanding on the payment date, excluding any shares repurchased by the Company in accordance with Article 56 of the Mexican Securities Market Law; any amounts of retained earnings account remaining after the payment of such dividend will remain in the retained earnings account. The dividend will be payable in one or more installments within 12 (twelve) months after April 24, 2025. VI. APPROVAL of the cancellation of any amounts outstanding under the share repurchase program approved at the Annual General Ordinary Shareholders' Meeting that took place on April 25, 2024, which amounts to Ps. 2,500,000,000.00 (TWO BILLION FIVE HUNDRED MILLION PESOS 00/100 M.N.), and the APPROVAL of Ps. 2,500,000,000.00 (TWO BILLION FIVE HUNDRED MILLION PESOS 00/100 M.N.) as the maximum amount to be allocated towards the repurchase of the Company's shares or credit instruments that represent such shares for the 12-month period following April 24, 2025, in accordance with Article 56, Section IV of the Mexican Securities Market Law. VII. RATIFICATION AND DESIGNATION of the four members of the Board of Directors and their respective alternates appointed by the Series BB shareholders as follows: Proprietary membersLaura Díez Barroso AzcárragaEmilio Rotondo InclánJuan Gallardo ThurlowMónica Sánchez Navarro Rivera Torres Alternate membersClaudia Laviada Díez Barroso Carlos Manuel Porrón SuárezAlejandro Cortina GallardoCarlos Alberto Rohm Campos VIII. It is registered that there was no designation of person(s) that will serve as member(s) of the Company's Board of Directors, by any holder or group of holders of Series B shares that owns, individually or collectively, 10% or more of the Company's capital stock. IX. RATIFICATION of Carlos Cárdenas Guzmán, Ángel Losada Moreno, Joaquín Vargas Guajardo, Juan Diez-Canedo Ruíz, Luis Téllez Kuenzler, Alejandra Palacios Prieto and Alejandra Yazmín Soto Ayech, as members of the Board of Directors, designated by the Series 'B' shareholders. As of this date, the Board of Directors will be comprised as follows: Proprietary membersLaura Díez Barroso AzcárragaEmilio Rotondo InclánJuan Gallardo ThurlowMónica Sánchez Navarro Rivera TorresCarlos Cárdenas GuzmánÁngel Losada MorenoJoaquín Vargas GuajardoJuan Diez-Canedo RuízLuis Téllez KuenzlerAlejandra Palacios PrietoAlejandra Yazmín Soto Ayech Alternate membersClaudia Laviada Díez Barroso Carlos Manuel Porrón SuárezAlejandro Cortina GallardoCarlos Alberto Rohm CamposNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable X. RATIFICATION of Mrs. Laura Díez Barroso Azcárraga as Chairwoman of the Company's Board of Directors, and the designation of Mrs. Claudia Laviada Díez Barroso as Alternate, in accordance with Article 16 of the Company's by-laws. XI. APPROVAL of (i) the compensation paid to the members of the Company's Board of Directors during the 2024 fiscal year and (ii) the compensation to be paid to the Company's Board of Directors for the 2025 fiscal year proposed by the Compensation and Nominations Committee. XII. RATIFICATION of Mr. Luis Tellez Kuenzler, as member of our Board of Directors designated by the Series B shareholders to serve as a member of the Company's Nominations and Compensation Committee, in accordance with Article 28 of the Company's bylaws. XIII. RATIFICATION of Mr. Carlos Cárdenas Guzmán as President of the Audit and Corporate Practices Committee. XIV. It was INFORMED the report concerning compliance with Article 29 of the Company's bylaws regarding acquisitions of goods or services or contracting of projects or asset sales that are equal to or greater than US$ 3,000,000.00 (THREE MILLION U.S. DOLLARS), or its equivalent in Mexican pesos or other legal tender in circulation outside Mexico, or, if applicable, regarding transactions with relevant shareholders. XV. APPROVAL of special delegates that can appear before a notary public to formalize the resolutions adopted at this meeting. Company Description: Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol 'PAC' and on the Mexican Stock Exchange under the ticker symbol 'GAP'. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of Norman Manley International Airport in Kingston, Jamaica, and took control of the operation in October 2019. This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words 'anticipates', 'believes', 'estimates', 'expects', 'plans' and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to several risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the 'Ley del Mercado de Valores', GAP has implemented a 'whistleblower' program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is or by email at denuncia@ GAP's Audit Committee will be notified of all complaints for immediate investigation. Alejandra Soto, Investor Relations and Social Responsibility Officer asoto@ Gisela Murillo, Investor Relations gmurillo@ /+52 33 3880 1100 ext. 20294
Yahoo
11-04-2025
- Yahoo
Rimrose Valley wildlife 'at risk' after nine fires
A Merseyside beauty spot has suffered nine fires in the last four weeks, with a community group warning that wildlife in the area is under threat. The latest fire at Rimrose Valley Country Park in Sefton broke out on Wednesday, with Merseyside Fire and Rescue Service (MFRS) called at 18:26 BST. Crews found a large grass fire measuring about 100 sq m, and spent an hour extinguishing the flames and dampening down the area. The cause has not yet been established but a Rimrose Valley Friends spokesman said: "Whilst we can't assume it's arson, it has happened in the past on Rimrose Valley." Stu Bennett pointed out that there had also been "a very big blaze a number of weeks ago". He added: "It's obviously a big concern from a wildlife perspective but also from local residents. "If there is a positive, [MFRS] said the response from the public has been amazing, with dozens of calls reporting the fires, meaning that they are being tackled as quickly as possible. "In the meantime, we encourage everyone to remain vigilant and if anyone suspects arson and has any info, contact Merseyside Police." A spokesperson for MFRS said it was "seeing a large amount of grass fires at the moment [and] ask people to be mindful with things like BBQs, cigarettes, and glass bottles. "A small spark can cause a lot of damage." Listen to the best of BBC Radio Merseyside on Sounds and follow BBC Merseyside on Facebook, X, and Instagram. You can also send story ideas via Whatsapp to 0808 100 2230. Girl, 13, with 'passion for TikTok' killed in fire Five arrested after houses torched in arson attack Merseyside Fire and Rescue Service Merseyside Police
