| Business Summary | | Desc,
S.A.
de
C.V.
is
a
Mexican
diversified
holding
company
engaged
in
five
principal
lines
of
business:
automotive
parts,
petrochemicals,
diversified
products,
food
and
real
estate.
With
the
exception
of
the
food
business,
these
businesses
are
conducted
through
the
Company's
principal
wholly
owned
subsidiaries:
Unik,
S.A.
de
C.V.;
Girsa,
S.A.
de
C.V.;
and
Dine,
S.A.
de
C.V.,
each
of
which
is
a
holding
company
with
no
significant
operations.
Desc's
food
business
is
conducted
through
its
four
principal
operating
subsidiaries:
Agroken,
S.A.
de
C.V.,
Aquanova,
S.A.
de
C.V.,
Grupo
Corfuerte,
S.A.
de
C.V.
and
Authentic
Acquisition
Corporation,
Inc.
Collectively,
Unik,
Girsa,
Dine,
Agroken,
Aquanova,
Grupo
Corfuerte
and
Authentic
Acquisition
Corporation
control
or
own
majority
interests
in
more
than
100
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Desc,
S.A.
de
C.V.
is
a
diversified
holding
company
engaged
in
five
principal
lines
of
business:
automotive
parts,
petrochemicals,
diversified
products,
food
and
real
estate.
For
the
six
months
ended
6/30/01,
revenues
fell
12%
to
PS10.4
billion.
Net
income
totaled
PS428.7
million,
up
from
PS153.7
million.
Revenues
reflect
lower
sales
from
Unik,
Girsa
and
Dine
due
to
lower
demand.
Higher
income
reflects
exchange
gains
and
decreased
SG&A
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Fernando Mestre | Chairman
and CEO | Luis Tellez | Exec.
VP | Vicente Bussutil | VP
- Food | Emilio Saeb | VP
- Automotive Parts | Andres Samblancat | VP
- Real Estate |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|