Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. Reports Consolidated Earnings Results for the First Quarter of 2018
April 19, 2018
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Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. reported consolidated earnings results for the first quarter of 2018. The company’s total revenue increased 52.4% in the first quarter to MXN 4.4 billion compared to MXN 2.7 billion in the first quarter of last year. The return on average equity improved to 20% to 26.5%, the decrease of the return on equity the fourth quarter into the capital account months. Safekeeping number of income to MXN 623 million, which represented 51% increase compared to the first quarter 2017, reach consolidated net income of MXN 471 million, which represented 55.3% increase year-over-year. These were achieved due to higher margin and operating efficiencies, which resulted in improved profitability.
Unifin Financiera SAB de CV SOFOM ENR is a Mexico-based company engaged in the financial industry. The Company operates though three business segments. The Operating Lease segment is responsible for operating leases for construction and industrial equipment, machinery, various types of transportations vehicles, including cars, trucks, helicopters, airplanes and other vessels, and other capital assets. The Financial Factoring segment provides liquidity and financing solutions to its customers by purchasing or discounting their accounts receivable and by providing vendor financing. The Auto Loans and Other Loans segment is focused on financing the acquisition of new and used vehicles. The Company provides its services to small and medium sized companies, as well as individuals.
UNIFIN FINANCIERA, S. A. B. DE C. V. 