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MEXICO CITY, Feb. 24, 2021 /PRNewswire/
Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA ; Latibex: XEKT), Latin America s leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, today announced fourth quarter 2020 and full year 2020 financial results.
Consolidated Fourth Quarter Results
Consolidated revenues grew 4%, to Ps.33,663 million in the period, compared to Ps.32,417 million in the same quarter of the previous year. Operating costs and expenses were Ps.29,537 million, from Ps.26,864 million in the same period of 2019.
As a result, EBITDA was Ps.4,125 million, compared to Ps.5,554 million a year ago. Operating income was Ps.2,338 million this quarter, from Ps.3,698 million in the same period of 2019.
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EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization.
The number of CPOs outstanding as of December 31, 2019 was 2,984 million and as of December 31, 2020 was 2,986 million.
Net sales
Advertising sales for the company in Mexico decreased 5% to Ps.3,736 million, from Ps.3,927 million the previous year, as a result of lower demand for advertising spaces in the domestic media market, in the context of limited economic performance indicators, within the health contingency.
The sum of revenues of TV Azteca Guatemala and TV Azteca Honduras, as well as the company s content sales outside of Mexico, was Ps.69 million, compared to Ps.57 million the previous year.
Gordon Pape: My Growth Portfolio has gained over 27% a year, but it’s time to make some high-risk, high-reward changes Published February 24, 2021 Bookmark
We created a Growth Portfolio for my Internet Wealth Builder newsletter in August 2012 with an initial value of $10,000. After eight and a half years, we’re showing an average annual compound rate of return of over 27 per cent.
That’s far better than we ever imagined when the portfolio was created (we were looking for about 12 per cent). But always remember, this is a high-risk approach to investing. It is 100 per cent exposed to the stock market, with a focus on momentum plays. So, it should only be used by readers with higher risk tolerance.
The fund is the first of two bitcoin ETFs to hit the shelf this week as ETF provider Evolve Funds Group Inc. announced it will begin trading its fund – The Bitcoin ETF – on Friday under the ticker EBIT