Value Grupo Financiero, S.A.B. De C.V. Reports Earnings Results for the Full Year Ended December 31, 2020
February 26, 2021 at 02:04 pm EST
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Value Grupo Financiero, S.A.B. De C.V. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating income was MXN 305.552 million compared to MXN 618.704 million a year ago. Net income was MXN 254.450 million compared to MXN 471.777 million a year ago.
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.