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Article: Grupo Interacciones net profits 10.6 times up on 3Q03.
- Article from:
- Internet Securities
- Article date:
- October 30, 2003
CopyrightCOPYRIGHT 2003 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Oct 30, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- In the third quarter of this year, Grupo Financiero Interacciones registered a net profit of 34.1 million pesos (US$3.1 million), which was 10.6 times more than the 3.2 million pesos (US$288,000) it reported in the same three months of last year.
In the firm's quarterly report, it explained that total revenues in July to September reached 93.9 million pesos (US$8.5 million), a year-on-year increase of 27%. The company said the increase was due to the application of programs to improve the credit portfolio of Banco Interacciones, which allowed growth of 1% compared to last year, ...
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