Unifin Financiera, S. A. B. de C. V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 08:32 am EDT
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Unifin Financiera, S. A. B. de C. V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MXN 3,008.61 million compared to MXN 2,822.5 million a year ago. Net income was MXN 437.5 million compared to MXN 307.03 million a year ago. Basic earnings per share from continuing operations was MXN 1.02 compared to MXN 0.658 a year ago. Diluted earnings per share from continuing operations was MXN 1.02 compared to MXN 0.658 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.