Value Grupo Financiero, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 02, 2022 at 10:01 pm EDT
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Value Grupo Financiero, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net loss was MXN 453.25 million compared to net income of MXN 57.11 million a year ago. Basic loss per share from continuing operations was MXN 2.
Value Grupo Financiero SAB de CV is a Mexico-based company primarily engaged in the securities brokerage. The Company's activities are divided into three business lines: Stock Brokerage, Leasing and Consulting. The Stock Brokerage segment is responsible for the placement, promotion, sale and purchase of securities, arbitrage operations, custody services and management of investment funds. The Leasing division offers commercial loans, operative and financial leasing, as well as factoring services. The Consulting area provides investment advice services to group entities. The Company's customers include individual investors, corporations and governments. It operates through numerous subsidiaries, including Value Casa de Bolsa, Value Arrendadora and Value Consultores, among others.