INVEX Controladora. de Reports Third Quarter 2024 Earnings

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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