Inbursa announced earnings results for the third quarter and nine months ended September 2016. The group posted net income of MXN 2.28 billion in the third quarter, a 1% quarter-on-quarter increase but a deceptively high 676% year-on-year jump due to a one-off quarterly loss reported in third quarter 2015 by Banco Inbursa. The company reported January-September financial income of MXN 17.1 billion, 29% more than in the same period 2015. It reported a 27% year-on-year drop in profits in the first nine months to MXN 6.63 billion (USD 356 million).