MEXICO CITY Nov 8 Mexican homebuilder Homex
on Friday posted a 3.515 billion peso loss ($267
million) during the third quarter, the company said in a delayed
filing with the Mexican stock exchange.
The loss compares to a net profit of 436 million pesos
during the same period last year.
Homex's third-quarter revenues came in at nearly 103 million
pesos ($7.8 million), down nearly 99 percent compared with
revenues during the year-earlier period, the company said.
Underscoring the company's deep slide, Homex sold only 92
homes during the quarter, compared with more than 12,500 sold
during the same quarter last year.
The Culiacan-based Homex has been struggling to meet heavy
debt payments as sales of its new homes have slowed to a
Homex, alongside fellow troubled homebuilders like Geo
and Urbi, was dropped from Mexico's
benchmark IPC stock index after failing to file their
second-quarter results in a timely manner.