Grupo Elektra, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 23, 2021
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Grupo Elektra, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net income was MXN 3,118 million compared to MXN 1,532 million a year ago. For the full year, net loss was MXN 1,914 million compared to net income of MXN 16,151 million a year ago.
Grupo Elektra SAB de CV (Elektra) is a Mexico-based company primarily engaged in the banking and retailing sector. The Company is a financial services and specialty retailing company in Mexico and Central and South America, as well as a short-term non-bank loan provider in the United States. Its Retail Business segment comprises the sale of motorcycles, cell phones, appliances in general, electronics, furniture, among others; and provision of services, such as electronic money transfers, extended guarantees, airtime, and mobile virtual network operation. Its Financial Business segment provides banking and financial products and services like consumer credit, personal loans, commercial loans, savings accounts, term deposits, debit cards, credit cards, life and casualty insurance, retirement fund management options, brokerage services, and short-term non-bank loans. Elektra operates more than 7,000 points of contact, including approximately 4,600 in Mexico; close to 600 in Central and So
GRUPO ELEKTRA, S.A.B. DE C.V. 
