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Grupo Financiero Interacciones announced earnings results for the first quarter of 2018. The company reported a net income of MXN 670 million in first quarter of 2018, representing an increase of 8.4% during the year and a historical sequential increase. Both of these increases were driven by the dynamics. As a result of quarter's performance, ROE was 15.7%, representing an increase of 26 basis points year-on-year and an increase of 44 basis points quarter over quarter, these changes were driven by the factors that impacted bottom line.The company reiterates its guidance for the year 2018. The company anticipates the loan portfolio to expand between 15% to 17% in 2018, while maintaining healthy asset quality levels with an NPL ratio below 1% and achieve operating income growth before extraordinary items in the range of 14% to 16% with an ROE ranging between 14% to 16%. Regarding efficiency ratio, the company expects it to remain below 46% for the year.
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 5827.88 | 6068.93 | 5841.15 | 5122.78 |
Net Income | 842.24 | 812.74 | 618.04 | 790.34 |
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 208875.25 | 236412.72 | 232435.68 | 240068 |
Total Liabilities | 192607.56 | 220969.66 | 216083.76 | 224393 |
Total Equity | 16267.69 | 15443.06 | 16351.92 | 15675 |
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -4163.14 | -406.79 | 6593.13 | 7807 |
Cash From Investing Activities | -94.87 | -17.63 | -9.41 | -242 |
Cash From Financing Activities | -1144.44 | -1150.04 | 25.76 | -840 |
Net Change in Cash | -5402.45 | -1574.47 | 6609.48 | 6725 |
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