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UNIFIN Reports 21.5% Increase in Total Revenues Reaching Ps. 4,450 Million in 2Q18UNIFIN Financiera S.A.B. de C.V. SOFOM, E.N.R. ("UNIFIN" or "the Company") (BMV:UNIFIN), announces its results for the second quarter ("2Q18"). All figures presented throughout this document are expressed in millions of Mexican pesos (Ps.). Financial information has been prepared in accordance with the accounting criteria of the Mexican National Banking and Securities Commission ("CNBV") and filed with the Mexican Stock Exchange ("BMV"). 2Q18 Highlights
Message from the CEO: During the second quarter, Mexico's main concerns continued to be related to the national elections and NAFTA negotiations. As we know, the differences between the political platforms and the postponement in a resolution of our current trade agreements, continued to cause economic and political uncertainty. Considering such scenario, we experienced a significant slowdown in the decision-making process of our clients, which impacted our origination for the first half of the year. The outcome of the elections, held on July 1 favored MORENA's candidate, Andres Manuel Lopez Obrador. Election results aside, we believe this process demonstrates that Mexico has a true democratic system and we celebrate the decision made by millions of voters. We will continue monitoring the newly-elected government's upcoming steps and await the implementation of new policies in order to identify and leverage from potential growth opportunities that may arise. At UNIFIN we are optimistic that the second half of the year will be more dynamic in terms of economic activity and we will focus on delivering solid results for our investors. Luis Barroso, CEO
For a full version of UNIFIN's Second Quarter 2018 Earnings
Release, please visit: Conference Call:
Date: Friday, July 20, 2018
Presenting for UNIFIN:
1-877-830-2576 (U.S. participants) About UNIFIN UNIFIN is the leading independent Mexican leasing company, operating as a non-banking financial services company, specializing in three main business lines: operating leasing, factoring and auto and other lending. Through UNIFIN's leasing business line, its core business line, the Company offers operating leases for all types of equipment and machinery, various types of transportation vehicles (including cars, trucks, helicopters, airplanes and other vessels) and other assets in a variety of industries. Through its factoring business line, UNIFIN provides liquidity and financing solutions to its customers by purchasing or discounting accounts receivable and by providing vendor financing. UNIFIN's auto loans business line is focused on financing the acquisition of new and used vehicles.
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