Unifin Financiera S.A.B. De C.V. Sofom, E.N.R. Announces Earnings Results for the Second Quarter and Six Months of 2019
July 24, 2019
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UNIFIN Financiera S.A.B. de C.V. SOFOM, E.N.R. announced earnings results for the second quarter and six months of 2019. For the quarter, the company announced interest income of MXN 2,611 million compared to MXN 2,110 million a year ago. Operating income was MXN 538 million compared to MXN 459 million a year ago. Net income was MXN 453 million compared to MXN 397 million a year ago.
For the six months, the company announced interest income of MXN 5,011 million compared to MXN 4,032 million a year ago. Operating income was MXN 1,115 million compared to MXN 988 million a year ago. Net income was MXN 926 million compared to MXN 794 million a year ago.
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.