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Grupo Elektra Announces Revenues of Ps.28,154 Million and EBITDA of Ps.2,547 Million in 2Q20

Written by Customer Service on . Posted in Public Companies.

—29% growth in deposits of Banco Azteca Mexico to Ps.177,335 million, generates solid prospects for the financial business——Ratio of deposits to gross portfolio of 1.9 times, is outstanding in the sector, and consolidates firm growth expectation for the Bank, with optimal funding cost— —Capitalization index of Banco Azteca of 15.32%, shows remarkable financial strength—MEXICO CITY, July 23, 2020 (GLOBE NEWSWIRE) — Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America’s leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, today announced second quarter 2020 financial results.Second Quarter ResultsConsolidated revenue was Ps.28,154 million in the period, in comparison with Ps.28,762 million for the same quarter of the previous year. Costs and operating expenses were Ps.25,608 million, from Ps.24,749 million for the same period of 2019.As a result, EBITDA was Ps.2,547 million, in comparison with Ps.4,014 million of the previous year’s quarter. Operating profit was Ps.438 million this quarter, from Ps.2,255 million in the same period of 2019.The company reported a net loss of Ps.3,538 million, compared to a net income of Ps.5,697 million a year ago.

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