Crédito Real, S.A.B. De C.V., Sociedad Financiera De Objeto Múltiple, Entidad No Regulada Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 28, 2020 at 06:11 pm EDT
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Crédito Real, S.A.B. De C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was MXN 188.2 million compared to MXN 512.2 million a year ago. Net income was MXN 198.9 million compared to MXN 436 million a year ago. For the nine months, operating income was MXN 858.6 million compared to MXN 2,125.5 million a year ago. Net income was MXN 635.7 million compared to MXN 1,552.9 million a year ago.
Credito Real SAB de CV SOFOM ENR, formerly known as Credito Real SAB de CV Sofom ER, is a Mexico-based company that provides consumer financing. The Company provides loans, either by providing direct financing to consumers or by establishing financing programs with consumer financing dealers that sell to Credito Real the collection rights from consumer financing products. Additionally, It provides financing directly to individuals that are employed by corporations with payroll deduction agreements with consumer financing dealers authorized by Credito Real. It operates through a number of subsidiaries, including AFS Acceptance LLC.
Crédito Real, S.A.B. De C.V., Sociedad Financiera De Objeto Múltiple, Entidad No Regulada Reports Earnings Results for the Third Quarter Ended September 30, 2020
CRÉDITO REAL, S.A.B. DE C.V., SOCIEDAD FINANCIERA DE OBJETO MÚLTIPLE, ENTIDAD NO REGULADA 
