Latest news with #654
The Sun
21-05-2025
- General
- The Sun
SG student alleges parents refuse to pay for uni fees
A Singaporean woman's post on Reddit recently sparked a discussion about filial piety and the importance of prioritising one's own well-being, after she alleged that her parents had refused to pay for her university education but still expected her to provide financial support in the future. In the post, the student claimed that her parents had announced their decision not to fund her higher education last year. What frustrated her even more was that, after she had come to terms with the situation, she noticed her parents 'bragging' about her achievements to their friends. 'I feel even more mad at the fact that they are using me as something to show off without contributing,' she wrote. The student also reflected on past experiences related to her education, recalling her father's negative reaction after she was enrolled in a tuition class during secondary school, which cost S$45 (RM149) per hour. She alleged that he verbally abused her nearly every day as a result. As a result, he has decided not to financially support her family in the future, although she expressed concern that her parents might take legal action against her under Singapore's Maintenance of Parents Act. This legislation allows parents aged 60 and above who are unable to support themselves to claim maintenance from their children, either through monthly allowances or a lump-sum payment. 'They may not be willing to put S$100,000 (RM331,654) towards my education, but I know they will be willing to put S$200,000 (RM663,354) towards a lawyer to demand maintenance from me. If you think I'm exaggerating, I really swear I am not,' she added. While she acknowledged feeling stressed about her finances during her university studies, she said she was even more anxious about dealing with her parents over the issue. The anonymous student later provided an update, saying she had got into an argument with her father after informing him of her decision not to support them financially in the future. Given her current circumstances, where she may need to continue living with her parents during her studies, she has decided to provide them with only a minimal monthly allowance — reflecting how poorly they had allegedly treated her for most of her life. Netizens expressed concern over the young woman's situation and advised her to keep her distance from her parents, especially after she has graduated. One user said that while children should appreciate their parents' efforts for raising them, noting the challenges that come with parenthood, the user acknowledged that parents should be self-sufficient with their own savings.
The Sun
21-05-2025
- General
- The Sun
SG woman's parents allegedly refuse to pay for university but expect financial support in the future
A Singaporean woman's post on Reddit recently sparked a discussion about filial piety and the importance of prioritising one's own well-being, after she alleged that her parents had refused to pay for her university education but still expected her to provide financial support in the future. In the post, the student claimed that her parents had announced their decision not to fund her higher education last year. What frustrated her even more was that, after she had come to terms with the situation, she noticed her parents 'bragging' about her achievements to their friends. 'I feel even more mad at the fact that they are using me as something to show off without contributing,' she wrote. The student also reflected on past experiences related to her education, recalling her father's negative reaction after she was enrolled in a tuition class during secondary school, which cost S$45 (RM149) per hour. She alleged that he verbally abused her nearly every day as a result. As a result, he has decided not to financially support her family in the future, although she expressed concern that her parents might take legal action against her under Singapore's Maintenance of Parents Act. This legislation allows parents aged 60 and above who are unable to support themselves to claim maintenance from their children, either through monthly allowances or a lump-sum payment. 'They may not be willing to put S$100,000 (RM331,654) towards my education, but I know they will be willing to put S$200,000 (RM663,354) towards a lawyer to demand maintenance from me. If you think I'm exaggerating, I really swear I am not,' she added. While she acknowledged feeling stressed about her finances during her university studies, she said she was even more anxious about dealing with her parents over the issue. The anonymous student later provided an update, saying she had got into an argument with her father after informing him of her decision not to support them financially in the future. Given her current circumstances, where she may need to continue living with her parents during her studies, she has decided to provide them with only a minimal monthly allowance — reflecting how poorly they had allegedly treated her for most of her life. Netizens expressed concern over the young woman's situation and advised her to keep her distance from her parents, especially after she has graduated. One user said that while children should appreciate their parents' efforts for raising them, noting the challenges that come with parenthood, the user acknowledged that parents should be self-sufficient with their own savings.
USA Today
31-03-2025
- USA Today
Kite strikes United Airlines plane as it was approaching Reagan National runway in metro DC
Kite strikes United Airlines plane as it was approaching Reagan National runway in metro DC Metropolitan Washington Airports Authority says that kite-flying is not allowed at Gravelly Point in Arlington, Virginia, as it poses a risk to planes landing at DCA. Show Caption Hide Caption More than 20 planes have violated airspace near Mar-a-Lago with the latest incidents Two civilian aircraft flew over restricted airspace near President Donald Trump's Mar-a-Lago recently forcing NORAD to respond. Straight Arrow News A kite struck a United Airlines plane as it was approaching Reagan National Airport in metro Washington, D.C., on Saturday. The airline said in a statement to USA TODAY on Monday that it was "aware of reports that a kite struck UA flight 654 from Houston to Reagan Airport" in Arlington, Virginia. Fortunately, the "aircraft landed safely," and "customers deplaned normally," the airline said, adding that there was no damage to the aircraft. Here's what we know. Kite briefly confiscated from nearby park Metropolitan Washington Airports Authority said in a statement Monday that officers responded to reports of kite-flying on Saturday at Gravelly Point, a National Park Service site in Arlington, Virginia, just a few hundred feet away from the north end of Reagan National's runway. The agency said that kite-flying isn't allowed in the area "due to the danger to low-flying aircraft." The agency's police department patrols Reagan National and Dulles International airports, according to the agency's website. The agency said that responding officers warned "some individuals about flying kites and briefly confiscated a kite." However, the kite was returned to the owner shortly after and no charges were filed. In an audio recording from an air traffic controller was heard referring to the kite, WUSA9 reported. 'You were telling me those details about the kite, whether it was over the park?" the person could be heard saying. "How high was it?' In response, a person, presumably the pilot, responded: 'It was over the park about 100 feet over the ground, it looked like it was right on the flight deck. Those guys were a little bit low." Kite strike happened during nearby kite festival The incident occurred the same day as the Blossom Kite Festival on the National Mall as part of the National Cherry Blossom Festival, held annually to celebrate the cherry blossom season. It not immediately clear if the kite was part of the festival. However, festival organizers told DC News Now that the kite-flying activity at Gravelly Point had no connection to the event. Saturday's incident comes just two months after an American Airlines plane collided with a U.S. Army Black Hawk helicopter above the Potomac River in a deadly crash that killed 67 people. Saman Shafiq is a trending news reporter for USA TODAY. Reach her at sshafiq@ and follow her on X and Instagram @saman_shafiq7.
Yahoo
26-02-2025
- Business
- Yahoo
GRUPO ELEKTRA ANNOUNCES 57% GROWTH IN EBITDA, TO Ps.7,441 MILLION IN THE FOURTH QUARTER OF 2024
—Consolidated revenue increased 10% to Ps.57,790 million, driven by strong dynamism in financial income— —Banco Azteca México's gross loan portfolio continuous growth; it increases 11% to Ps.187,645 million— —Growing strength in Banco Azteca Mexico´s asset quality; NPL ratio drops to 3.8% from 4.2% a year ago— MÉXICO CITY, Feb. 26, 2025 /PRNewswire/ -- Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), Latin America's leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, today announced fourth quarter 2024 and full year 2024 results. Fourth quarter results Consolidated revenue increased 10% to Ps.57,790 million in the period, compared to Ps.52,654 million in the same quarter of the previous year. Operating costs and expenses increased 5% to Ps.50,348 million, from Ps.47,927 million in the same quarter of 2023. As a result, EBITDA was Ps.7,441 million, 57% higher compared to Ps.4,727 million a year ago. Operating income was Ps.4,954 million, more than four times higher than Ps.1,032 million in the same period of 2023. The company reported a net loss of Ps.11,656 million, compared to net income of Ps.773 million a year ago. 4Q 2023 4Q 2024 Change Ps. %Consolidated revenue $52,654 $57,790 $5,135 10 %EBITDA $4,727 $7,441 $2,714 57 %Operating profit $1,032 $4,954 $3,923 380 %Net result $773 $(11,656) $(12,428) ----Net result per share $3.50 $(54.52) $(58.02) ----Figures in millions of Earnings Before Interest, Taxes, Depreciation and Amortization. As of December 31, 2024, Elektra* outstanding shares were 213.8 million and as of December 31, 2023, were 220.9 million. Revenue Consolidated revenue increased by 10% in the period, as a result of a 13% growth in financial income and a 6% increase in commercial sales. The increase in financial income — to Ps.33,243 million, from Ps.29,480 million in the previous year — largely reflects a 10% increase in Banco Azteca México's income, within the framework of continued growth in the gross credit portfolio, which boosts the well-being of millions of families and the development of businesses. The increase in revenue from the commercial business, to Ps.24,547 million, from Ps.23,174 million a year ago, is largely due to growth in sales of motorcycles — which strengthens business productivity and the mobility of millions of people —, white goods — which boost the quality of life of a growing number of families — and telephony, which facilitates efficient connectivity for more and more users. Costs and expenses Consolidated costs for the quarter decreased 5% to Ps.28,058 million from Ps.29,567 million in the previous year. The reduction is explained by a 19% decrease in financial costs derived from a lower creation of preventive credit reserves, in the context of higher asset quality – partially offset by a 5% increase in commercial costs, in line with the growth in merchandise sold. Consolidated cost reduction in the period, together with the higher revenue, generated a 29% increase in the company's gross profit, to Ps.29,731 million, from Ps.23,087 million a year ago. Gross margin increased seven percentage points, to 51% this quarter. Selling, administrative and promotion expenses increased 21% to Ps.22,290 million, from Ps.18,360 million a year ago, as a result of higher operating and advertising expenses in the period. EBITDA and net result EBITDA grew 57% to Ps.7,441 million, from Ps.4,727 million in the previous year. EBITDA margin grew four percentage points to 13% in the period. The company reported an operating income of Ps.4,954 million, compared to Ps.1,032 million in the same quarter of 2023. The relevant variations below EBITDA were the following: A decrease of Ps.1,155 million in other expenses, mainly due to impairment of intangible assets of Purpose Financial a year ago. An exchange loss of Ps.163 million this quarter, compared to an exchange gain of Ps.361 million a year ago, as a result of net liability monetary position, together with exchange depreciation this period, compared to appreciation the previous year. A negative variation of Ps.20,210 million in other financial results, which reflects a 63% loss this quarter in the market value of the underlying financial instruments owned by the company — and which does not imply cash flow — compared to a positive 2% variation a year ago. Consistent with the results of the quarter, a decrease of Ps.4,441 million was recorded in the tax provision for the period. Grupo Elektra reported a net loss of Ps.11,656 million, from a net profit of Ps.773 million a year ago. Unconsolidated balance sheet A proforma balance sheet exercise of Grupo Elektra is presented, which allows knowing the non-consolidated financial situation, excluding the net assets of the financial business, whose investment is valued in this case under the participation method. This presentation shows the debt of the company without considering Banco Azteca's immediate and term deposits, which do not constitute debt with cost for Grupo Elektra. Also, the pro forma balance sheet does not include the bank's gross loan portfolio. This provides greater clarity about the various businesses that make up the company and enables financial market participants to estimate its value while considering only the relevant debt for such calculations. Consistent with the above, debt with cost as of December 31, 2024, was Ps.39,986 million, compared to Ps.39,016 million of the previous year. The growth reflects the effect of the depreciation of the peso exchange rate against the dollar on the debt denominated in that currency, debt issuance in the period and increase in the value of the UDI in Certificados Bursatiles denominated in that unit. The cash and cash equivalents balance was Ps.10,360 million, from Ps.9,510 million a year ago, and net debt was Ps.29,626 million, compared with Ps.29,506 million a year of December 31,2023 As of December 31,2024 Change Ps. % Cash and cash equivalents $9,510 $10,360 849 9 % Marketable financial instruments 26,953 33,301 6,348 24 % Inventories 16,703 19,123 2,420 14 % Accounts receivables 51,033 32,423 (18,609) (36 %) Other current assets 4,667 4,193 (474) (10 %) Investments in shares 41,711 45,632 3,922 9 % Fixed assets 9,224 8,515 (709) (8 %) Right of use assets 12,004 12,594 590 5 % Other assets 4,134 12,645 8,511 206 %Total assets $175,938 $178,787 $2,849 2 %Debt with cost $39,016 $39,986 970 2 % Suppliers 9,374 10,564 1,191 13 % Other short-term liabilities 20,359 25,584 5,225 26 % Other long-term liabilities 16,137 22,122 5,985 37 %Total liabilities $84,885 $98,256 $13,370 16 %Stakeholder´s equity $91,053 $80,531 ($10,522) (12 %)Liabilities and equity $175,938 $178,787 $2,849 2 % Figures in millions of pesos Consolidated Balance Sheet Loan Portfolio and Deposits The consolidated gross portfolio of Banco Azteca México, Purpose Financial and Banco Azteca Latinoamérica as of December 31, 2024, grew 12% to Ps.195,314 million, from Ps.174,896 million a year ago. The consolidated non-performing loan ratio was 4.4% at the end of the period, compared to 4.7% a year ago. Banco Azteca México's gross portfolio balance increased 11% to Ps.187,645 million, from Ps.169,557 million a year ago. The Bank's non-performing loan ratio at the end of the period was reduced to 3.8%, compared to 4.2% a year ago, in the context of robust credit origination processes and increasing collection efficiency. Grupo Elektra's consolidated deposits were Ps.233,898 million, 8% higher than Ps.216,880 million a year ago. Banco Azteca México's traditional deposits were Ps.227,640 million, 6% higher than Ps.214,536 million a year ago. Banco Azteca México's traditional deposits to gross portfolio ratio was 1.2 times, allowing for solid growth for the Bank, with optimal funding costs. The Bank's estimated liquidity coverage ratio at the end of the quarter — computable liquid assets / total net cash outflow — was 1,056%, an outstanding figure in the Mexican banking sector. Banco Azteca México's capitalization ratio was 14.67%. Infrastructure Grupo Elektra currently has 6,150 points of contact, compared to 6,174 in the previous year. This decrease reflects strategic efforts to maximize the profitability of the company's contact points. At the end of the period, Grupo Elektra had 4,901 points of contact in Mexico, 815 in the USA, and 434 in Central America. This extensive distribution network enhances customer proximity, strengthens service quality, and reinforces the company's positioning in the countries where it operates Twelve-month consolidated results Consolidated revenue for 2024 grew 9% to Ps.201,296 million from Ps.184,151 million in 2023. This increase was driven by a 10% rise in revenue from the financial business and an 8% growth in sales from the commercial business. EBITDA was Ps.26,995 million, 26% higher than Ps.21,361 million in the previous year. The EBITDA margin grew one percentage point to 13%. The company reported operating income of Ps.17,523 million from Ps.9,288 million a year ago. In 2024, the company reported a net loss of Ps.11,154 million, compared to net income of Ps.5,993 million in the prior year. This change reflects, to a great extent, a loss in the market value of the company's underlying financial instruments — and which does not imply cash flow — compared to a positive variation of the previous year.2023 2024 ChangePs. %Consolidated revenue $184,151 $201,296 $17,145 9 %EBITDA $21,361 $26,995 $5,634 26 %Operating profit $9,288 $17,523 $8,236 89 %Net result $5,993 $(11,154) $(17,147) ----Net result per share $27.13 $(52.17) $(79.30) ----Figures in millions of Earnings Before Interest, Taxes, Depreciation and Amortization. As of December 31, 2024, Elektra* outstanding shares were 213.8 million and as of December 31, 2023, were 220.9 million. Company Profile: Grupo Elektra is Latin America's leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States. The group operates more than 6,000 points of contact in México, the United States, Guatemala, Honduras, and Panama. Grupo Elektra is a Grupo Salinas company ( a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas ( Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include TV Azteca ( Grupo Elektra ( Banco Azteca ( Purpose Financial ( Afore Azteca ( Seguros Azteca ( Punto Casa de Bolsa ( Total Play ( and Total Play Empresarial ( TV Azteca and Grupo Elektra trade shares on the Mexican Stock Market and in Spain's' Latibex market. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance. Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are presented in documents sent to the securities authorities. Investor Relations:Bruno Rangel Grupo Salinas Tel. +52 (55) 1720-9167 jrangelk@ Rolando Villarreal Grupo Elektra, S.A.B. de C.V. Tel. +52 (55) 1720-9167 rvillarreal@ Relations:Luciano PascoeTel. +52 (55) 1720 1313 ext. 36553lpascoe@ GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIESCONSOLIDATED INCOME STATEMENTSMILLIONS OF MEXICAN PESOS 4Q234Q24ChangeFinancial income 29,480 56 %33,243 58 %3,762 13 % Commercial income 23,174 44 %24,547 42 %1,373 6 % Income 52,654 100 %57,790 100 %5,135 10 %Financial cost 12,629 24 %10,206 18 %(2,423) -19 % Commercial cost 16,938 32 %17,852 31 %914 5 % Costs 29,567 56 %28,058 49 %(1,509) -5 %Gross income 23,087 44 %29,731 51 %6,644 29 %Sales, administration and promotion expenses 18,360 35 %22,290 39 %3,931 21 %EBITDA 4,727 9 %7,441 13 %2,714 57 %Depreciation and amortization 2,450 5 %2,395 4 %(54) -2 %Other expense, net 1,246 2 %91 0 %(1,155) -93 %Operating income 1,032 2 %4,954 9 %3,923 ----Comprehensive financial result: Interest income 516 1 %627 1 %110 21 % Interest expense (1,480) -3 %(1,657) -3 %(177) -12 % Foreign exchange gain (loss), net 361 1 %(163) 0 %(524) ---- Other financial results, net 838 2 %(19,372) -34 %(20,210) ----236 0 %(20,566) -36 %(20,801) ----Participation in the net income of CASA and other associated companies 163 0 %165 0 %2 1 %Income (loss) before income tax 1,431 3 %(15,446) -27 %(16,877) ----Income tax (649) -1 %3,792 7 %4,441 ----Income (loss) before discontinued operations 782 1 %(11,654) -20 %(12,435) ----Result from discontinued operations (9) 0 %(2) 0 %7 78 %Consolidated net income (loss) 773 1 %(11,656) -20 %(12,428) ---- GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS MILLIONS OF MEXICAN PESOS 12M2312M24ChangeFinancial income 111,292 60 %122,547 61 %11,255 10 % Commercial income 72,858 40 %78,749 39 %5,890 8 % Income 184,151 100 %201,296 100 %17,145 9 %Financial cost 40,852 22 %40,632 20 %(220) -1 % Commercial cost 53,621 29 %56,422 28 %2,801 5 % Costs 94,472 51 %97,053 48 %2,581 3 %Gross income 89,679 49 %104,243 52 %14,564 16 %Sales, administration and promotion expenses 68,317 37 %77,247 38 %8,930 13 %EBITDA 21,361 12 %26,995 13 %5,634 26 %Depreciation and amortization 9,657 5 %9,399 5 %(258) -3 %Other expense, net 2,416 1 %73 0 %(2,343) -97 %Operating income 9,288 5 %17,523 9 %8,236 89 %Comprehensive financial result: Interest income 1,818 1 %2,137 1 %319 18 % Interest expense (5,840) -3 %(6,030) -3 %(190) -3 % Foreign exchange gain (loss), net 711 0 %(1,287) -1 %(1,999) ---- Other financial results, net 2,301 1 %(26,849) -13 %(29,150) ----(1,009) -1 %(32,029) -16 %(31,019) ----Participation in the net income of CASA and other associated companies 553 0 %(170) 0 %(723) ----Income (loss) before income tax 8,832 5 %(14,675) -7 %(23,507) ----Income tax (2,834) -2 %3,526 2 %6,360 ----Income (loss) before discontinued operations 5,998 3 %(11,150) -6 %(17,147) ----Result from discontinued operations (5) 0 %(4) 0 %1 25 %Consolidated net income (loss) 5,993 3 %(11,154) -6 %(17,147) ---- GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETMILLIONS OF MEXICAN PESOS Commercial Business Financial Business Grupo Elektra Commercial Business Financial Business Grupo Elektra Change At December 31, 2023 At December 31, 2024Cash and cash equivalents 9,510 33,471 42,98110,360 36,968 47,3274,346 10 %Marketable financial instruments 5,031 89,115 94,1458,332 102,492 110,82416,679 18 %Performing loan portfolio - 90,803 90,803- 101,967 101,96711,164 12 % Total past-due loans - 5,919 5,919- 6,163 6,163244 4 % Gross loan portfolio - 96,722 96,722- 108,130 108,13011,408 12 %Allowance for credit risks - 13,610 13,610- 18,850 18,8505,241 39 %Loan portfolio, net - 83,113 83,113- 89,280 89,2806,167 7 %Inventories 16,703 0 16,70319,123 - 19,1232,420 14 %Other current assets 20,753 13,346 34,09921,687 14,729 36,4162,317 7 %Total current assets 51,997 219,044 271,04159,502 243,468 302,97031,929 12 %Financial instruments 21,922 2 21,92424,969 2 24,9713,047 14 %Performing loan portfolio - 75,961 75,961- 84,746 84,7468,785 12 % Total past-due loans - 2,213 2,213- 2,438 2,438225 10 % Gross loan portfolio - 78,174 78,174- 87,184 87,1849,010 12 %Allowance for credit risks - 5,700 5,700- 5,995 5,995294 5 %Loan portfolio - 72,474 72,474- 81,190 81,1908,716 12 %Other non-current assets 22,909 634 23,5431,301 410 1,712(21,831) -93 % Investment in shares 2,357 10 2,3672,194 14 2,208(159) -7 % Property, furniture, equipment and investment in stores, net 9,224 10,566 19,7898,515 10,465 18,980(809) -4 % Intangible assets 685 7,230 7,915587 9,145 9,7321,817 23 % Right of use asset 11,841 1,938 13,77912,445 2,325 14,770991 7 % Other assets 3,449 7,942 11,39112,058 11,622 23,68112,289 ---- TOTAL ASSETS 124,384 319,839 444,223121,572 358,642 480,21435,991 8 % Demand and term deposits - 216,880 216,880- 233,898 233,89817,018 8 % Creditors from repurchase agreements - 34,311 34,311- 42,642 42,6428,331 24 % Short-term debt 5,127 34 5,1606,219 40 6,2601,100 21 % Leasing 1,959 819 2,7782,589 869 3,459680 24 % Short-term liabilities with cost 7,086 252,044 259,1298,809 277,450 286,25927,129 10 %Suppliers and other short-term liabilities 27,556 17,579 45,13533,350 24,700 58,05012,915 29 % Short-term liabilities without cost 27,556 17,579 45,13533,350 24,700 58,05012,915 29 %Total short-term liabilities 34,642 269,623 304,26542,159 302,150 344,30940,044 13 %Long-term debt 30,512 1 30,51328,773 0 28,773(1,740) -6 % Leasing 11,026 1,207 12,23311,122 1,537 12,660426 3 % Long-term liabilities with cost 41,538 1,208 42,74639,896 1,537 41,433(1,313) -3 %Long-term liabilities without cost 5,111 1,048 6,15911,000 2,941 13,9417,782 ----Total long-term liabilities 46,650 2,256 48,90650,895 4,478 55,3746,468 13 %TOTAL LIABILITIES 81,291 271,879 353,17093,054 306,628 399,68346,513 13 %TOTAL STOCKHOLDERS' EQUITY 43,093 47,960 91,05328,517 52,014 80,531(10,522) -12 % LIABILITIES + EQUITY 124,384 319,839 444,223121,572 358,642 480,21435,991 8 % INFRASTRUCTURE4Q234Q24ChangePoints of sale in Mexico Elektra 1,225 20 %1,245 20 %20 2 % Salinas y Rocha 33 1 %32 1 %(1) -3 % Banco Azteca 1,919 31 %1,936 31 %17 1 % Freestanding branches 1,743 28 %1,688 27 %(55) -3 % Total 4,920 80 %4,901 80 %(19) 0 %Points of sale in Central America Elektra 120 2 %131 2 %11 9 % Banco Azteca 227 4 %236 4 %9 4 % Freestanding branches 64 1 %67 1 %3 5 % Total 411 7 %434 7 %23 6 %Points of sale in North America Purpose Financial 843 14 %815 13 %(28) -3 % Total 843 14 %815 13 %(28) -3 %TOTAL 6,174 100 %6,150 100 %(24) 0 % Floor space (m²) 1,716 100 %1,731 100 %15 1 %Employees Mexico 62,647 88 %61,928 88 %(719) -1 % Central and South America 6,048 8 %6,139 9 %91 2 % North America 2,583 4 %2,483 4 %(100) -4 % Total employees 71,278 100 %70,550 100 %(728) -1 % View original content: SOURCE Grupo Elektra, S.A.B. de C.V. Sign in to access your portfolio
