Bolsa Mexicana De Valores, S.A.B. De C.V. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Tax Rate Guidance for 2018 and 2019
April 16, 2018
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Bolsa Mexicana de Valores SAB de CV reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenue was MXN 842,265,000 against MXN 771,293,000 a year ago. Operating income was MXN 446,234,000 against MXN 417,897,000 a year ago. Net income was MXN 317,902,000 or MXN 0.54 per share against MXN 277,474,000 or MXN 0.47 per share a year ago. EBITDA was MXN 467,344,000 against MXN 436,959,000 a year ago. Net cash flow from operating activities was MXN 598 million. Investment in fixed assets was MXN 7 million. Investment in Intangibles was MXN 7 million.
The company's tax rate has been relatively constant around 28%, 29%. The company would expect to continue it there.
Bolsa Mexicana De Valores SAB de CV (BMV) is a Mexico-based company engaged in the financial market operations. The Company's activities are divided into six business segments: Stock Exchange, operating the Mexican stock exchange; Derivatives, listing and trading future and option contracts; Brokerage, providing brokerage services for securities enrolled in the National Securities Registry; Settlements, offering clearing and settlement services for financial and commodities derivatives and securities transactions; Custody, providing custody services related to securities clearing and settlement, and Others, including news and information technology (IT) services, among others. The Company operates through a number of subsidiaries, such as Contraparte Central de Valores de Mexico SA de CV (CCV), Mercado Mexicano de Derivados SA de CV (MexDer), SIF ICAP SA de CV (SIF ICAP) and Valuacion Operativa y Referencias de Mercado SA de CV (Valmer).
Bolsa Mexicana De Valores, S.A.B. De C.V. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Tax Rate Guidance for 2018 and 2019
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
