Grupo Elektra, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:57 pm EDT
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Grupo Elektra, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was MXN 18,929.02 million compared to MXN 15,888.12 million a year ago. Net loss was MXN 1,764 million compared to net income of MXN 6,948.52 million a year ago. Basic loss per share from continuing operations was MXN 7.81 compared to basic earnings per share from continuing operations of MXN 30.69 a year ago. Diluted loss per share from continuing operations was MXN 7.81 compared to diluted earnings per share from continuing operations of MXN 30.69 a year ago. Basic loss per share was MXN 7.82 compared to basic earnings per share of MXN 30.52 a year ago. Diluted loss per share was MXN 7.82 compared to diluted earnings per share of MXN 30.52 a year ago.
For the six months, net interest income was MXN 37,231.61 million compared to MXN 31,702.68 million a year ago. Net loss was MXN 6,379.53 million compared to net income of MXN 9,996.77 million a year ago. Basic loss per share from continuing operations was MXN 28.24 compared to basic earnings per share from continuing operations of MXN 44.48 a year ago. Diluted loss per share from continuing operations was MXN 28.24 compared to diluted earnings per share from continuing operations of MXN 44.48 a year ago. Basic loss per share was MXN 28.24 compared to basic earnings per share of MXN 43.92 a year ago. Diluted loss per share was MXN 28.24 compared to diluted earnings per share of MXN 43.92 a year ago.
Grupo Elektra SAB de CV (Elektra) is a Mexico-based company primarily engaged in the banking and retailing sector. The Company is a financial services and specialty retailing company in Mexico and Central and South America, as well as a short-term non-bank loan provider in the United States. Its Retail Business segment comprises the sale of motorcycles, cell phones, appliances in general, electronics, furniture, among others; and provision of services, such as electronic money transfers, extended guarantees, airtime, and mobile virtual network operation. Its Financial Business segment provides banking and financial products and services like consumer credit, personal loans, commercial loans, savings accounts, term deposits, debit cards, credit cards, life and casualty insurance, retirement fund management options, brokerage services, and short-term non-bank loans. Elektra operates more than 7,000 points of contact, including approximately 4,600 in Mexico; close to 600 in Central and So
GRUPO ELEKTRA, S.A.B. DE C.V. 
