Grupo TMM Announces Soaring Q2 2024 Earnings
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Grupo TMM Announces Soaring Q2 2024 Earnings

Grupo Tmm SA (GTMAY) has released an update.

Grupo TMM, a leading Mexican maritime transportation and logistics company, reports a robust financial performance for the second quarter of 2024, with consolidated revenues surging by 48% to $401.5 million and operating income rebounding to $55.0 million from a loss in the previous year. The company’s strategic initiatives, including the addition of specialized vessels and a rebranded Inland Logistics Division, have significantly contributed to more than doubling the EBITDA compared to the same period in 2023.

For further insights into GTMAY stock, check out TipRanks’ Stock Analysis page.

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