INVEX Controladora. de (BMV:INVEXA) Third Quarter 2024 Results
Key Financial Results
- Revenue: Mex$3.82b (up 167% from 3Q 2023).
- Net income: Mex$455.7m (up 5.7% from 3Q 2023).
- Profit margin: 12% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
INVEX Controladora. de Earnings Insights
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Global Diversified Financial industry.
Performance of the market in Mexico.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for INVEX Controladora. de that you should be aware of.
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About BMV:INVEX A
INVEX Controladora. de
Provides financial products and services to individual and business customers in Mexico and internationally.
Solid track record with adequate balance sheet.
